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| Common Stock | Note 9: Common Stock
Common Stock
On September 26, 2024, the Company filed Articles of Amendment to effect a share consolidation (also known as a reverse stock split) of its issued and outstanding common shares on a one-for-twenty-five basis. The share consolidation became effective on September 26, 2024. All share and per share amounts have been restated for all periods presented to reflect the share consolidation.
As at December 31, 2024, the Company had authorized shares, of which shares are Common Stock with a par value of $ per share and shares are Preferred Stock (see Note 16) with a par value of $ per share.
At June 30, 2025, common stock was issued and outstanding. The following table details the number of common stock issued:
During 2024, the Company did not issue any common stock.
On January 2, 2025, the Company issued restricted common shares upon conversions of convertible promissory notes (see Note 5 for details).
On April 24, 2025, the Company issued an aggregate of restricted shares of common stock to consultants as compensation for services rendered.
On May 7, 2025, the Company issued restricted common shares upon conversion of a convertible promissory note (see Note 5 for details).
On June 16, 2025, the Company issued restricted common shares upon conversion of $34,462 of preferred shares (see Note 16).
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