Quarterly report pursuant to sections 13 or 15(d)

Stockholders' Equity

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Stockholders' Equity
 15 Months Ended
Sep. 30, 2011
Stockholders' Equity
Note 4 Stockholders’ Equity

From July 26, 2010 (inception) to September 30, 2011, the Company issued the following shares of common stock:

 
Transaction Type
  
Quantity of Shares
   
Valuation
   
Value per Share
 
Cash – related parties
     2,550,000     $ 3,000     $ 0.001  
Cash – third parties
     776,000       38,800       0.050  
Services – related parties (1)
     10,000       500       0.050  
Services – third parties (2)
     10,000       500       0.050  
Intellectual property – related party (3)
     490,000       24,500       0.050  
      3,836,000     $ 67,300     $ 0.001 – 0.050  

(1)  
Valuation based upon cash offering price paid by founders on same date.
(2)  
Valuation based upon recent cash offering price to third parties.
(3)  
The Company issued these shares of common stock, to its Chief Executive Officer and Director, for the acquisition of certain intellectual property (“IP”).

Under Staff Accounting Bulletin Topic 5(G), “Transfers of Nonmonetary Assets by Promoters or Shareholders”, the IP was contributed to the Company at its historical cost basis of $0, as determined under generally accepted accounting principles.  The Company has expensed this stock issuance as a component of research and development.

The Company also considered the valuation of the IP, whereby these assets had never been previously developed for commercialization.  The IP acquired will be used by the Company in the attempt of furthering the business plan.