CAPITAL STOCK |
3 Months Ended |
|---|---|
Dec. 31, 2024 | |
| CAPITAL STOCK | |
| CAPITAL STOCK | Note 4 – CAPITAL STOCK
The Company is authorized to issue up to 75,000,000 shares of common stock, with a par value of $0.001 per share. Common stock is classified as equity and represents the residual interest in the assets of the Company after deducting liabilities. Holders of common stock are entitled to one vote per share and to share in dividends, if declared by the Board of Directors.
Transactions involving the issuance, repurchase, or retirement of common stock are recorded as changes in equity in accordance with ASC 505-Equity. The par value of issued shares is recorded in common stock, with any consideration received in excess of par value recorded in additional paid-in capital.
As of December 31, 2024, the Company had 4,058,167 common shares outstanding.
The Company is authorized to issue 75,000,000 shares of preferred stock, par value $0.001 per share. The board of directors may divide the Preferred Stock into any number of series. The board shall fix the designation and number of shares of each such series. The board may determine and alter the rights, preferences, privileges and restrictions granted to and imposed upon any unissued series of the Preferred Stock. The board of directors (within the limits and restrictions of any resolution adopted by it, originally fixing the number of shares of any series) may increase or decrease the number of shares of any such series after the issue of shares of that series, but not below the number of then outstanding shares of such series.
As of December 31, 2024, the Company had no preferred shares issued or outstanding. |