v3.25.2
Preferred Share Capital Disclosure
6 Months Ended
Jun. 30, 2025
Notes  
Preferred Share Capital Disclosure

8. Preferred Share Capital

 

The Company is authorized to issue 20,000,000 shares of Preferred Stock with a par value of $0.001 and had 7,644,000 shares of Preferred Stock issued and outstanding as of June 30, 2025 and December 31, 2024. The Preferred Stock converts to common at a 1:1 ratio and has a “Leak Out Provision” that limits the shareholder from selling more than 12.5% of their shares per quarter.