v3.25.1
STOCKHOLDERS’ EQUITY (DEFICIT) (Tables)
3 Months Ended
Mar. 31, 2025
Series A Preferred Stock [Member]  
Class of Stock [Line Items]  
SCHEDULE OF SERIES OF PREFERRED STOCK

The percentages below are calculated based on 4,500,000 shares of our Series A Preferred Stock issued and outstanding for the fiscal year ending December 31, 2024.

  

Name and Address(1) 

Title of

Class (4)

 

Number of

Shares

Beneficially

Owned

  

Percent of

Class

 
Mitch Eaglstein  Series A Preferred   500,000    11.11%
Gope S. Kundnani (5)  Series A Preferred   4,000,000    88.89%
Officers and Directors as a group (2 persons)  Series A Preferred   4,500,000    100.00%

 

(4) Series A Preferred stock is entitled to fifty (50) non-cumulative votes per share on all matters presented to stockholders for action. On December 12, 2016, the Board agreed to issue 2,600,000, 400,000, and 1,000,000 shares of Preferred Stock to Mitchell Eaglstein, Imran Firoz, and Felix R. Hong, respectively, as the founders, in consideration of services rendered to the Company. As of December 31, 2022, the Company had 4,000,000 preferred shares issued and outstanding.
     
(5) In January 2023, Eaglstein and Firoz transferred 1,100,000 and 400,000 shares to Gope S. Kundnani, the company’s director. As of September 30, 2023, the Company had 4,000,000 preferred shares issued and outstanding, with Eaglstein, Kundnani, and Hong holding 1,500,000, 1,500,000, and 1,000,000 shares, respectively.
Series B Preferred Stock [Member]  
Class of Stock [Line Items]  
SCHEDULE OF SERIES OF PREFERRED STOCK

The percentages below are calculated based on 2,371,844 shares of our Series B Preferred Stock issued and outstanding for the fiscal year ending March 31, 2025.

  

Name and Address(1) 

Title of

Class (6)

 

Number of Shares

Beneficially Owned

  

Percent of

Class

 
Alchemy Prime Holdings Ltd.  Series B Preferred   1,800,000    75.89%
Gope S. Kundnani  Series B Preferred   191,844    8.09%
Mitchell M. Eaglstein  Series B Preferred   150,000    6.32%
Imran Firoz  Series B Preferred   150,000    6.32%
FRH Group  Series B Preferred   50,000    2.11%
William B. Barnett  Series B Preferred   10,000    0.42%
Susan E. Eaglstein  Series B Preferred   10,000    0.42%
Nick G. Kundnani  Series B Preferred   10,000    0.42%
Officers and Directors as a group (3 persons)  Series B Preferred   2,291,844    96.63%

 

(6) The Series B Preferred Stock is non-dilutive and is not subject to stock splits or any other adjustments to the Company’s common stock. Each share of Series B Preferred Stock can be converted into 100 shares of the Company’s common stock at any time by the holder of such shares. Series B Preferred Stock is entitled to one (1) vote per share on all matters presented to stockholders for action. As a result, 2,361,844 Series B Preferred Stock represents a 0.38% voting percentage on a fully diluted vote per share basis.