Quarterly report pursuant to Section 13 or 15(d)

Changes in Equity (Deficit)

v2.3.0.15
Changes in Equity (Deficit)
 3 Months Ended
Sep. 30, 2011
Changes in Equity (Deficit)  
Stockholders' Equity Note Disclosure

Note 8 – Changes in Equity (Deficit)

 

A summary of the composition of Equity (Deficit) of the Company at September 30, 2011 and 2010, and the changes during the nine months then ended is presented in the following table:

 

 

 

Total Global Clean Holdings, Inc. stockholders' equity (deficit)

 

 

Noncontrolling interest

 

 

Total equity (deficit)

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2010

 

$

(3,084,518

)

 

$

4,241,945

 

 

$

1,157,427

 

Issuance of common stock

 

 

557,326

 

 

 

-

 

 

 

557,326

 

Capital contribution from noncontrolling interest

 

 

-

 

 

 

4,780,156

 

 

 

4,780,156

 

Share-based compensation

 

 

69,858

 

 

 

-

 

 

 

69,858

 

Accrual of preferential return for the noncontrolling interest

 

 

-

 

 

 

(1,044,264

)

 

 

(1,044,264

)

Net loss

 

 

(639,515

)

 

 

(897,521

)

 

 

(1,537,036

)

Other comprehensive loss

 

 

(30,634

)

 

 

(1,162,786

)

 

 

(1,193,420

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at September 30, 2011

 

$

(3,127,483

)

 

$

5,917,530

 

 

$

2,790,047

 

 

Common Stock

 

On April 25, 2011 an accredited investor in the Company exercised a Warrant for 945,000 shares at $.03 per share for net cash proceeds paid to the Company of $28,350. The proceeds from this sale were used for general corporate purposes.

 

On May 31, 2011 an accredited investor in the Company exercised a Warrant for 945,000 shares at $.03 per share for net cash proceeds paid to the Company of $28,350. The proceeds from this sale were used for general corporate purposes.

 

In July, 2011 the Company entered into a stock purchase agreement whereby the Company agreed to issue and sell 10,000,000 shares of the Company’s common stock at a price of $0.04 per share, for an aggregate purchase price of $400,000, which was paid in cash.

 

In August, 2011, the Company entered into a stock purchase agreement whereby the Company agreed to issue and sell 2,083,334 shares of the Company’s common stock at a price of $0.048 per share, for an aggregate purchase price of $100,000, which was paid in cash.

 

On July, 2011, the Company entered into a stock purchase agreement whereby the Company agreed to issue  625,000 shares of the Company’s common stock for services rendered.