v3.25.2
STOCKHOLDERS’ DEFICIT
3 Months Ended
Mar. 31, 2025
Stockholders Deficit  
STOCKHOLDERS’ DEFICIT

NOTE 5 – STOCKHOLDERS’ DEFICIT

 

The Company is authorized to issue 295,000,000 authorized shares of common stock with a par value of $0.001 as of March 31, 2025, and 2024, respectively. The Company had 27,657,679 and 27,655,560 issued and outstanding shares of common stock as of March 31, 2025, and 2024, respectively.

 

The Company previously had 5,000,000 authorized shares of preferred stock with a par value of $0.001, which the Company had designated as Series A Preferred Stock. As of December 31, 2023, 500,000 shares of Series A Preferred Stock were issued and outstanding. In conjunction with the Merger and the Series A Preferred Stock designation the 500,000 issued and outstanding shares were converted into 10,000,000 (pre-split) shares of the Company’s common stock. The Company also has 5,000,000 authorized shares of “blank check” preferred stock. As of March 31, 2025, the Company has not designated or issued any of these preferred shares. During the year ended December 31, 2024, the Company issued 2,119 shares to adjust a discrepancy due to the reverse stock split.