Stock |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Equity [Abstract] | |
| Stock | NOTE 6 – Stock
Preferred Stock
Preferred stock consists of shares authorized at $ par value. of these preferred shares have been separately allocated to Series A Preferred. Preferred stock can be converted into 100 shares of common stock, have dividend rights at 100 times common and have voting rights equal to 100 shares of common stock. At June 30, 2025 and December 31, 2024, there were -- Series A Preferred shares issued and outstanding.
Common Stock
Common stock consists of shares authorized at $ par value. On November 25, 2019, the board of directors approved a 5 to 1 reverse split. At June 30, 2025 and December 31, 2024, there were and shares issued and outstanding, respectively.
On January 24, 2025 the Board approved the issuance of shares of common stock to pay Mr. Ferguson for $2,173,000 that was owed to him. The difference of $801,193 is considered a loss on liability settlement and is included in the statement of operations for the six months ended June 30, 2025.
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