Stockholders’ Deficit |
6 Months Ended |
|---|---|
Jun. 30, 2023 | |
| Equity [Abstract] | |
| Stockholders’ Deficit | Note 8 – Stockholders’ Deficit
Preferred Stock
Class A Convertible Stock
As of June 30, 2023, the Company has authorized shares of preferred stock. At June 30, 2023 and December 31, 2022, there are a total of shares of Class A Convertible Preferred Stock (“Class A”) issued and outstanding. The Class A shares provide that when voting as a single class, the shares shall have the votes and the voting power at all times of at least 60% of the voting power of the Company. Further, the holders of the Class A shares at their discretion , can convert their one share of Class A into two shares of the Company’s common stock, subject to adjustment. In addition, the holder of the shares of Class A is entitled to a liquidation preference of the Company senior to all other securities of the Company.
Common Stock
As of June 30, 2023, the Company has authorized shares of common stock par value $per share. At June 30, 2023 and December 31, 2022, there was a total of shares and shares issued and outstanding, respectively.
Common Stock Issued for Services
On May 10, 2022 and June 10, 2022, the Company issued and shares of common stock, respectively, for services provided to the Company. These shares were valued at fair value at the time of issuance. On May 31, 2023, the Company issued shares of common stock for services provided to the Company.
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