Quarterly report pursuant to Section 13 or 15(d)

I. CAPITAL STOCK

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I. CAPITAL STOCK
9 Months Ended
Sep. 30, 2014
Stockholders' Equity Note [Abstract]  
NOTE I - CAPITAL STOCK

The Company has authorized 15,000,000 shares of preferred stock (designated and undesignated), with a par value of $.001 per share. The Company has designated 215 shares as Series A preferred stock and 538 shares as Series B preferred stock. At both September 30, 2014 and December 31, 2013, there were 185 shares of Series A and 55 shares of Series B outstanding.

 

The Company has authorized 190,000,000 shares of common stock with a par value of $.001 per share. As of both September 30, 2014 and December 31, 2013 the Company had 125,035,612 common shares issued and outstanding.