- COMMON STOCK	12 Months Ended
Sep. 30, 2012
- COMMON STOCK	Note 6 - COMMON STOCK On February 22, 2011, the board of directors of the Company adopted stock incentive plan as well as a stock option plan under which eligible key employees, officers, directors, consultants and agents of the Company may acquire shares of common stock of the Company. Accordingly, the Company reserves 5,000,000 shares of common stock for issuance under Stock Incentive Plan and a maximum of 5,000,000 shares of common stock for issuance under Stock Option Plan. On February 22, 2011, the board granted 90,000 options of the Company’s stock to various officers and directors of the Company at an exercise price of $1.00 which vest immediately. In fourth quarter of 2011 Officers and Directors, exercised 19,000 options for the aggregate consideration of $19,000. The Company recorded stock base compensation expense of $90,000 during nine months ended September 30, 2011. During the three months ended September 30, 2012 officer and director purchased 35,000 of common shares for the aggregate consideration of $35,000. For the nine months ended September 30, 2012 Officers and Directors purchased 44,000 of common shares for the aggregate consideration of $44,000. For the nine months ended September 30, 2012 Officers and Directors, exercised 14,000 options for the aggregate consideration of $14,000.

- COMMON STOCK

12 Months Ended

Sep. 30, 2012

Note 6 - COMMON STOCK

On February 22, 2011, the board of directors of the Company adopted stock incentive plan as well as a stock option plan under which eligible key employees, officers, directors, consultants and agents of the Company may acquire shares of common stock of the Company. Accordingly, the Company reserves 5,000,000 shares of common stock for issuance under Stock Incentive Plan and a maximum of 5,000,000 shares of common stock for issuance under Stock Option Plan.

On February 22, 2011, the board granted 90,000 options of the Company’s stock to various officers and directors of the Company at an exercise price of $1.00 which vest immediately. In fourth quarter of 2011 Officers and Directors, exercised 19,000 options for the aggregate consideration of $19,000. The Company recorded stock base compensation expense of $90,000 during nine months ended September 30, 2011.

During the three months ended September 30, 2012 officer and director purchased 35,000 of common shares for the aggregate consideration of $35,000. For the nine months ended September 30, 2012 Officers and Directors purchased 44,000 of common shares for the aggregate consideration of $44,000. For the nine months ended September 30, 2012 Officers and Directors, exercised 14,000 options for the aggregate consideration of $14,000.

- Definition

Tabular disclosure of an entity's treasury stock, including the average cost per share, carrying basis for each class of treasury stock, description of share repurchase program authorized by an entity's board of directors, the number of shares repurchased, the cost of the shares repurchased, the remaining maximum dollar value of shares available for repurchase under the program, the treatment of the purchase price in excess of the current market value, number of shares held for each class of treasury stock, and other information necessary to a fair presentation.

+ References+ Details

iGenii, Inc. 10-Q