Note 8. Stockholders' Equity	6 Months Ended
Jun. 30, 2015
Notes
Note 8. Stockholders' Equity	Note 8. Stockholders’ Equity At June 30, 2015 and December 31, 2014 the Company has authorized 10,000,000 shares of preferred stock, of which 3,062,234 shares were issued and outstanding. The preferred stock has no redemption or liquidation preference, and currently has no designation to be converted into shares of common stock. The Company also has authorized 500,000,000 shares of common stock, of which 85,949,061 shares were issued and outstanding. On January 17, 2014, 7,634 shares of the Company’s common stock were returned to treasury and cancelled. On May 12, 2014 the Company issued 250,000 shares of common stock to an unrelated third party as payment for services rendered. The shares were valued at $0.03 per share, being the market price of the stock on the date of issuance, resulting in a total value of $6,602.

Note 8. Stockholders' Equity

6 Months Ended

Jun. 30, 2015

Note 8. Stockholders’ Equity

At June 30, 2015 and December 31, 2014 the Company has authorized 10,000,000 shares of preferred stock, of which 3,062,234 shares were issued and outstanding. The preferred stock has no redemption or liquidation preference, and currently has no designation to be converted into shares of common stock. The Company also has authorized 500,000,000 shares of common stock, of which 85,949,061 shares were issued and outstanding.

On January 17, 2014, 7,634 shares of the Company’s common stock were returned to treasury and cancelled.

On May 12, 2014 the Company issued 250,000 shares of common stock to an unrelated third party as payment for services rendered. The shares were valued at $0.03 per share, being the market price of the stock on the date of issuance, resulting in a total value of $6,602.

Capital City Energy Group, Inc. 10-Q