|9 Months Ended|
Oct. 31, 2019
As of October 31, 2019 and January 31, 2019, the Company had 200,000,000 common shares authorized, with 10,546,000 common shares on October 31, 2019 and 5,460,000 common shares on January 31, 2019 at a par value of $0.0001 issued and outstanding. On May 1, 2019 MCIG elected to convert its 100,000 shares of Series A Preferred Stock into 5,000,000 common shares of stock in accordance with the Series A Preferred terms and conditions.
As of October 31, 2019 and January 31, 2019, the company had 1,000,000 Series A Preferred shares authorized, with 0 Series A Preferred Shares on October 31, 2019 and 100,000 Series A Preferred shares on January 31, 2019 at a par value of $0.0001 issued and outstanding.
The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef