I APOLOGIZE: I was wrong about the previous authorized shares.
From the '96 SEC filing it shows the following:
BALANCE SHEET DATA:
LIABILITIES AND STOCKHOLDERS EQUITY
- -----------------------------------
December 31,
-----------------------------
1995 1994 1993
---- ---- ----
Current Liabilities
Bonds payable $ 244,577 $226,014 $239,848
Accounts payable -- -- 125,185
Notes payable to related parties 33,475 26,992 24,900
Total Current Liabilities 278,052 252,906 389,933
Stockholders' Equity
Preferred stock, Series A,
$.001 par value 10% cumulative
convertible;2,500,000 shares
authorized, issued and
outstanding Common stock, $.001 2,500(1)
par value; 25,000,000 shares
authorized 14,327,570, 13,812,570
and 1,144,252 shares issued and
outstanding at December 31, 1995,
1994 and 1993,respectively 14,328 13,813 1,144
Paid-in capital 11,229,414 7,396,445 5,897,676
Accumulated deficit (6,541,062) (6,450,746) (6,125.679
---------- ---------- ----------
Total Stockholders' Equity 4,705,180 959,512 (226,859)
----------- ----------- -----------
Total Liabilities and
Stockholders' Equity $4,983.232 1,212,418 163,074
---------- ---------- ---------
The authorized shares were originally 25 Mil. My bad.
Eric |
