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Note 5 - Stockholder's Equity
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9 Months Ended |
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Feb. 28, 2015
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| Disclosure Text Block Supplement [Abstract] | |
| Shareholders' Equity and Share-based Payments [Text Block] |
Note 5 – Stockholder’s Equity
The Company was initially authorized to issue 90,000,000 shares of $0.001 par value common stock. On May 31, 2011, the Company issued 11,250,000 founders shares (post reverse-split) of common stock to the Company’s CEO, Larry Adelt, in exchange for $18,000. The Company has not issued any shares of preferred stock.
On November 20, 2014, the Company adopted Amended and Restated Articles of Incorporation, reducing the par value of its common stock to $0.0001 per share, increasing the number of authorized shares of common stock to 250,000,000, and increasing the number of authorized shares of preferred stock to 20,000,000. All share and par value information contained in the financial statements has been retroactively adjusted to reflect the changes set forth in the Amended and Restated Articles of Incorporation.
On December 10, 2014, the Company effected a reverse stock split of the Company’s issued and outstanding common stock at a ratio of 1-for-0.625, wherein 0.625 shares of common stock were issued in exchange for each share of the Company’s common stock owned by the Company’s stockholders on December 1, 2014, the record date for the reverse stock split. As a result of the reverse stock split, 11,250,000 shares (post reverse-split) of common stock were outstanding as of December 10, 2014. The reverse stock split did not affect the number of authorized shares of the Company’s common stock. All share and per share information contained in the financial statements has been retroactively adjusted to reflect the reverse stock split.
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