Subsequent Events |
6 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||
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Jun. 30, 2025 |
Dec. 31, 2024 |
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Subsequent Events [Abstract] | |||||||||||||||||||||||||||||
Subsequent Events | Note 10 - Subsequent Events
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Note 11 - Subsequent Events
On January 1, 2025, 2,000 warrants issued in 2020 for services, with an exercise price of $7.50 per share, expired in accordance with their original terms. As of December 31, 2024, these warrants were outstanding and had no intrinsic value, as the exercise price exceeded the market price of the company’s common stock. The expiration of these warrants does not impact the financial position or results of operations as presented in the accompanying financial statements, as no adjustments were required.
On January 16, 2025, the Company filed a Certificate of Amendment with the Secretary of State of Delaware to effect a reverse stock split of the issued and outstanding shares of its common stock at a ratio of one share for every 5 shares outstanding prior to the effective date of the reverse stock split. The reverse stock split became effective on January 24, 2025. The total number of authorized shares of common stock was reduced from shares to shares. The par value of the class Common Stock will remain the same at $per share. The authorized shares of the Corporation’s preferred stock, par value $per share will not change.
On January 15, 2025, the Company issued a convertible promissory note for the principal amount of $25,000.
On February 10, 2025, the Company issued a convertible promissory note to a related party for the principal amount of $10,000.
On February 11, 2025, the Company issued a convertible promissory note to a related party for the principal amount of $10,000.
On February 27, 2025, the Company issued a convertible promissory note to a related party for the principal amount of $10,000.
On March 7, 2025, the Company issued a convertible promissory note to a related party for the principal amount of $50,000.
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