GreenPlex Services, Inc. - FORM 10-Q - XML - IDEA: XBRL DOCUMENT - November 7, 2011

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v2.3.0.15
STOCKHOLDERS' EQUITY (DEFICIT)
9 Months Ended
Sep. 30, 2011
Notes to Financial Statements 
STOCKHOLDERS' EQUITY (DEFICIT)

NOTE 8 – STOCKHOLDERS’ EQUITY (DEFICIT)

 

Issuance of common stock

 

The Company was incorporated on September 2, 2009. In September 2009, 200,000 shares of its common stock were sold to the Company’s founder and President at $0.001 per share for $200 in cash.

 

In September 2009, the Company sold 400,000 shares of its common stock to the Company’s two (2) members of the board of directors at $0.001 per share for $400 in cash.

 

In September 2009, the Company sold 695,000 shares of its common stock to certain investors at $0.10 per share for $69,500 in cash.

 

In October 2009, the Company sold 185,000 shares of its common stock to certain investors at $0.10 per share for $18,500 in cash.

 

In July 2010, the Company sold 150,000 shares of its common stock to one investor at $0.05 per share for $7,500 in cash.

 

In February 2011, the Company sold 125,000 shares of its common stock to one investor at $0.08 per share for $10,000 cash.

 

In March 2011, the Company sold 62,500 share of its common stock to one investor at $0.08 per share for $5,000 cash.

 

Stock options

 

The Company’s board of directors approved the adoption of the “Non-Qualified Stock Option and Stock Appreciation Rights Plan” by unanimous consent on September 4, 2009 (“2009 Stock Option Plan”). This plan was initiated to encourage and enable officers, directors, consultants, advisors and other key employees of the Company to acquire and retain a proprietary interest in the Company by ownership of its common stock. 1,000,000 shares of the Company’s common stock were authorized under the 2009 Stock Option Plan.

 

The Board of Directors did not grant any non-statutory stock options from the Company’s Non-Qualified Stock Option Plan for the interim period ended September 30, 2011 or 2010.

 

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