Equity Transactions	6 Months Ended
Jun. 30, 2012
Equity Transactions:
Equity Transactions	NOTE 6 - EQUITY TRANSACTIONS During 2011, the Company granted options as part of an Employment Agreement with Frank Marra, for more information see Note 4 above. The Company issued 42,000 shares of common stock during the year ended December 31, 2011. The stock was issued as the result of the conversion of two notes payable valued at $9,000 and related accrued interests of $1,318. The stock was issued at $0.29 per share for a total value of $12,180. A loss of $1,862 was recognized in the transaction. The Company issued 22,500 shares of common stock during the year ended December 31, 2011, as compensation to the members of the Board of Directors. The shares were valued at $0.35 per share for a total expense of $7,875. Also during the year ended December 31, 2011, a holder of 75,000 shares of series A preferred stock exercised the conversion of that preferred stock. As a result the Company issued 500,250 shares of common stock to this stockholder. The number of common shares was determined at the conversion rate of 6 2/3 shares of common stock per share of preferred.

Equity Transactions

6 Months Ended

Jun. 30, 2012

NOTE 6 - EQUITY TRANSACTIONS

During 2011, the Company granted options as part of an Employment Agreement with Frank Marra, for more information see Note 4 above.

The Company issued 42,000 shares of common stock during the year ended December 31, 2011. The stock was issued as the result of the conversion of two notes payable valued at $9,000 and related accrued interests of $1,318. The stock was issued at $0.29 per share for a total value of $12,180. A loss of $1,862 was recognized in the transaction.

The Company issued 22,500 shares of common stock during the year ended December 31, 2011, as compensation to the members of the Board of Directors. The shares were valued at $0.35 per share for a total expense of $7,875.

Also during the year ended December 31, 2011, a holder of 75,000 shares of series A preferred stock exercised the conversion of that preferred stock. As a result the Company issued 500,250 shares of common stock to this stockholder. The number of common shares was determined at the conversion rate of 6 2/3 shares of common stock per share of preferred.

- Definition

The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.

+ References

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+ Details

SANGUINE CORP 10-Q