Common Share Capital Disclosure |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Notes | |
| Common Share Capital Disclosure | 7. Common Share Capital
The Company is authorized to issue 150,000,000 shares of Common Stock with a par value of $0.001 and had 106,419,419 and 77,819,419 shares of Common Stock issued and outstanding as of December 31, 2025 and 2024, respectively.
On May 24, 2023, the Company issued 20,000,000 shares of Common Stock to its CEO for services rendered to the Company. The stock price was $0.01 for a total value of $200,000 and the Company recognized an expense of $200,000.
On March 20, 2024, the Company issued 2,000,000 shares of common stock for the conversion of $2,000 of the principal balance of a convertible note. The 2,000,000 shares of common stock were valued at $0.15 per share for a value of $2,000.
On March 22, 2024, the Company sold 1,000,000 shares of common stock for $5,000 in cash.
On August 27, 2024, the Company sold 2,000,000 shares of common stock for $10,000 in cash.
On April 21, 2025, the Company issued 5,000,000 shares of common stock for the conversion of $20,000 of the principal balance of a convertible note and accrued interest of $553. These shares were valued at $0.034 per share for a total value of $170,000. The Company recognized a loss on extinguishment of debt of $144,447.
On July 11, 2025, the Company issued 1,600,000 shares of common stock for the conversion of $23,858 of accounts payable for a vendor. These shares were valued at $0.0299 per share for a total value of $47,840. The Company recognized a loss on extinguishment of debt of $23,982.
On August 4, 2025, the Company issued 2,000,000 shares of common stock for the conversion of $90,200 of accounts payable for a vendor. These shares were valued at $0.0287 per share for a total value of $57,400. The Company recognized a gain on extinguishment of debt of $32,820.
On October 8, 2025, the Company issued 20,000,000 shares of Common Stock to its CEO for services rendered to the Company. The stock price was $0.03 for a total value of $600,000 and the Company recognized an expense of $600,000. |