550,000 Total 4,800,000 Additional Shares Available for Issuance . The Company's Certificate of incorporation authorizes the issuance of up to 25,000,000 shares of Common Stock. The issuance of additional shares of Common Stock up to the maximum of 25,000,000 shares is solely within the discretion of the Company's Board of Directors. Insiders, employees, and small institutions held 4,800,000 shares, with 12,050,000 total shares of common stock outstanding. The holders of the Common Stock are entitled to one vote per each share held and have the sole right and power to vote on all matters on which a vote of stockholders is taken.
Voting rights are non-cumulative.
The holders of shares of Common Stock are entitled to receive dividends only if declared by the Board of Directors, out of funds legally available therefore and to share pro rata in any distribution to stockholders. Upon liquidation, dissolution, or winding up of the Company, the holders of the Stock are entitled to receive the net assets of the Company in proportion to the respective number of shares held by them after payment of liabilities which may be outstanding. The holders of Common Stock do not have any preemptive right to subscribe for or purchase any shares of any class of stock. The outstanding shares of Common Stock and the shares offered hereby will not be subject to further call or redemption and will be fully paid and non-assessable. The Company will make available, to potential investors, copies of documents in its possession such as Articles of Incorporation, financial books and records, licenses, leases and such other relevant documentation upon request, at its sole discretion.