v3.26.1
Subsequent Events
12 Months Ended
Dec. 31, 2025
Subsequent Events [Abstract]  
Subsequent Events

Note 11 – Subsequent Events

 

Subsequent to December 31, 2025, the Company had the following transactions:

 

Undesignation of All Preferred Stock Series

 

Effective March 18, 2026, the Company filed a Certificate of Amendment with the Texas Secretary of State undesignating all previously designated series of preferred stock. The following series were undesignated, and all shares were returned to the authorized but unissued preferred stock pool:

 

Series A - 5,450,000 shares

Series B - 9,000,000 shares

Series C - 840,000 shares

Series D - 1,560,000 shares

Series E - 1,200,000 shares

Series F - 600,000 shares

Series G - 3,000,000 shares

Series H - 15,000,000 shares

Series S - 100,000 shares

 

In the aggregate, 36,750,000 shares previously designated across these nine series were returned to the authorized but unissued preferred stock pool.

 

As of the date of this filing, the Company has no designated series of preferred stock outstanding. The board of directors retains the authority to designate new series of preferred stock from the authorized 10,000,000 share pool at a future date without further stockholder approval.

 

Stock Issued for Services

 

The Company issued 50,000 shares of common stock to a consultant for services to be rendered, having a fair value of $94,500 ($1.89/share), based upon the quoted closing trading price on the grant date.