Common Stock Transactions and Stockholders Deficit	9 Months Ended
Sep. 30, 2019
Equity [Abstract]
Common Stock Transactions and Stockholders Deficit	NOTE 8 – COMMON STOCK TRANSACTIONS AND STOCKHOLDERS’ DEFICIT As of January 1, 2001, the Company had issued 3,000,170 shares of common stock in exchange for cash valued at $1,200. On October 22, 2001, the Company issued 1,870,707 shares of common stock in exchange for cash valued at $748. On November 8, 2001, the Company filed an Amended Certificate of Incorporation and there was reverse stock split 1 to 2.4371. This change is retro-actively applied. The par value remains at $ .0004 per share. On November 8, 2001, the Company issued 25,129,123 shares of common stock in exchange for cash valued at $10,052. On November 27, 2001, the Company issued 5,000,000 shares of common stock in exchange for cash valued at $2,000. On November 3, 2010, the Company issued 300,000 shares of common stock in exchange for cash valued at $120. On July 27, 2017, a Certificate of Merger and Amended Certificate of Incorporation were filed with the State of Wyoming. The Merger was between Plantation Lifecare Developers, Inc., a Delaware Corporation, Epic Events Corp., a Wyoming Corporation and Plantation Corp., a Wyoming Corporation. The surviving corporation is Plantation Corp. and is a Wyoming corporation. On July 27, 2017, the Company had a 10-1 reverse split of the Company’s outstanding shares, with approximately 3,530,000 shares issued and outstanding after the split. This is stated retroactively in the company’s financial statements. The split resulted in the Company issued an additional 13,436 shares as rounding shares. The actual number, round up to a minimum of 100 shares per shareholder is 3,543,436. As of the date of the merger, there are 100,000,000 authorized shares for Common Stock, with a par value of $.01 and 10,000,000 authorized shares of Preferred Stock, with a par value of $.01. On July 27, 2017, a shareholder retired 1,877,924 shares of common stock. On July 27, 2017, the Company issued an aggregate 43,334,488 shares of common stock as Founder’s shares related to the merger. The Company issued 29,790,153 shares of common stock in as Founders Shares in Plantation Corp. The Company issued 11,044,335 shares of common stock as Founders Shares, in exchange for acquiring the License Agreement for Atmosphere Packaging Technology, which was valued at $0 due to the fact that the Company does not own the patents associated with the license agreement and has not invested capital in to the legal defense of any of the patents. The Company issued 2,500,000 shares of common stock as Founders Shares, in exchange for the forgiveness of Related Party Debt. The shares were valued at the total of the forgiven related party liabilities, $153,433. On September 30, 2017, the Company had a Stock Payable related to shares issued for cash, valued at $40,000. On March 31, 2018, the Company had 252 additional shares from an adjustment in the rounding from the previous 10-1 split. On April 17, 2018, the Company issued 40,000 shares of common stock, thus satisfying the Stock Payable of $40,000. On April 18, 2018, the Company issued 1,290,215 shares of common stock for cash, valued at $12,903. The officers provided, without cost to the Company, their services, valued at $800 per month up until March 31, 2019. Thereafter, compensation for their services has been accrued at $20,000 a month. The officers also provided, without cost to the Company, office space valued at $200 per month until March 31, 2019. Thereafter, reimbursement for the use of their home offices has been accrued at $7,000 per month. Up until March 31, 2019, the total of these expenses was reflected in the statement of operations as officer services with a corresponding contribution of paid-in capital and accrued wages. Contributions totaled $12,000 for both years ended December 31, 2017 and December 31, 2018. On May 30, 2019 the Company granted options to acquire a total of 7,50v0,000 shares of Common Stock to two of its officers and one vendor to the company. The options term is for five years, the exercise price was $0.05 cents a share. The fair value of these options has been calculated as $60,901 and this figure is shown as a warrant/option expense in the Income Statement for the three months ended September 30, 2019. All these options were exercised on May 31, 2019 by the grantees executing full recourse promissory notes in the aggregate amount of $375,000, and consequently 7,500,000 new shares were issued There were 53,830,477 shares of Common Stock issued and outstanding as of September 30, 2019 and 46,330,477 outstanding as of December 31, 2018.

Common Stock Transactions and Stockholders Deficit

9 Months Ended

Sep. 30, 2019

Common Stock Transactions and Stockholders Deficit

NOTE 8 – COMMON STOCK TRANSACTIONS AND STOCKHOLDERS’ DEFICIT

As of January 1, 2001, the Company had issued 3,000,170 shares of common stock in exchange for cash valued at $1,200.

On October 22, 2001, the Company issued 1,870,707 shares of common stock in exchange for cash valued at $748.

On November 8, 2001, the Company filed an Amended Certificate of Incorporation and there was reverse stock split 1 to 2.4371. This change is retro-actively applied. The par value remains at $ .0004 per share.

On November 8, 2001, the Company issued 25,129,123 shares of common stock in exchange for cash valued at $10,052.

On November 27, 2001, the Company issued 5,000,000 shares of common stock in exchange for cash valued at $2,000.

On November 3, 2010, the Company issued 300,000 shares of common stock in exchange for cash valued at $120.

On July 27, 2017, a Certificate of Merger and Amended Certificate of Incorporation were filed with the State of Wyoming. The Merger was between Plantation Lifecare Developers, Inc., a Delaware Corporation, Epic Events Corp., a Wyoming Corporation and Plantation Corp., a Wyoming Corporation. The surviving corporation is Plantation Corp. and is a Wyoming corporation.

On July 27, 2017, the Company had a 10-1 reverse split of the Company’s outstanding shares, with approximately 3,530,000 shares issued and outstanding after the split. This is stated retroactively in the company’s financial statements. The split resulted in the Company issued an additional 13,436 shares as rounding shares. The actual number, round up to a minimum of 100 shares per shareholder is 3,543,436. As of the date of the merger, there are 100,000,000 authorized shares for Common Stock, with a par value of $.01 and 10,000,000 authorized shares of Preferred Stock, with a par value of $.01.

On July 27, 2017, a shareholder retired 1,877,924 shares of common stock.

On July 27, 2017, the Company issued an aggregate 43,334,488 shares of common stock as Founder’s shares related to the merger. The Company issued 29,790,153 shares of common stock in as Founders Shares in Plantation Corp. The Company issued 11,044,335 shares of common stock as Founders Shares, in exchange for acquiring the License Agreement for Atmosphere Packaging Technology, which was valued at $0 due to the fact that the Company does not own the patents associated with the license agreement and has not invested capital in to the legal defense of any of the patents. The Company issued 2,500,000 shares of common stock as Founders Shares, in exchange for the forgiveness of Related Party Debt. The shares were valued at the total of the forgiven related party liabilities, $153,433.

On September 30, 2017, the Company had a Stock Payable related to shares issued for cash, valued at $40,000.

On March 31, 2018, the Company had 252 additional shares from an adjustment in the rounding from the previous 10-1 split.

On April 17, 2018, the Company issued 40,000 shares of common stock, thus satisfying the Stock Payable of $40,000.

On April 18, 2018, the Company issued 1,290,215 shares of common stock for cash, valued at $12,903.

The officers provided, without cost to the Company, their services, valued at $800 per month up until March 31, 2019. Thereafter, compensation for their services has been accrued at $20,000 a month. The officers also provided, without cost to the Company, office space valued at $200 per month until March 31, 2019. Thereafter, reimbursement for the use of their home offices has been accrued at $7,000 per month. Up until March 31, 2019, the total of these expenses was reflected in the statement of operations as officer services with a corresponding contribution of paid-in capital and accrued wages. Contributions totaled $12,000 for both years ended December 31, 2017 and December 31, 2018.

On May 30, 2019 the Company granted options to acquire a total of 7,50v0,000 shares of Common Stock to two of its officers and one vendor to the company. The options term is for five years, the exercise price was $0.05 cents a share.

The fair value of these options has been calculated as $60,901 and this figure is shown as a warrant/option expense in the Income Statement for the three months ended September 30, 2019. All these options were exercised on May 31, 2019 by the grantees executing full recourse promissory notes in the aggregate amount of $375,000, and consequently 7,500,000 new shares were issued

There were 53,830,477 shares of Common Stock issued and outstanding as of September 30, 2019 and 46,330,477 outstanding as of December 31, 2018.

Plantation Corp. 10-Q