EQUITY |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Equity [Abstract] | |
| EQUITY | NOTE 6 – EQUITY
The Company is authorized to issue shares of $ par value convertible preferred stock. As of March 31,2026 and 2025, the preferred shares of Series A issued and outstanding were . The 1,000,000 shares of Series A preferred stock are convertible at the rate of 1:15,000, and each share of such convertible preferred stock has the voting power at the same rate that the preferred stock could be converted. The holders of Series A preferred stock have no preemptive rights to purchase, subscribe, for, or otherwise acquire stock of any class of the Company.
During 2017, the Company issued shares of common stock, which were valued at $, as compensation for the Company’s CEO at the time.
On January 28, 2019, the Board approved and filed the amendment for a reverse common stock split at a ratio of 1,000:1. The par value of the common shares remained at $0.00001 per share.
On October 31, 2019, the majority shareholder of the Company converted $ due him into shares of Common Stock at a price of $0.001 per share.
On September 29, 2020, the Company issued shares of common stock to Global Asset Trustee (Malaysia) Berhad for $8,700 and shares of common stock to Eurasia Trust A.G. for $8,700. On May 26, 2021, the Company paid $8,100 and $8,100 to purchase the and shares of the Company’s common stock back from Global Asset Trustee (Malaysia) Berhad and Eurasia Trust A.G, respectively.
On May 26, 2021, the Company’s controlling stockholder, Mr. Kok Seng Yeap (the “Seller”), signed a stock purchase agreement (the “SPA”) with AlphaBit, LLC, a Nevada limited liability company beneficially owned by Munaf Ali. According to the SPA, Seller sold shares of Company’s common stock and shares of Company’s Series A Preferred Stock to AlphaBit, LLC in exchange of $550,000. Such shares represent 87.60% of the Company’s voting power assuming conversion of all of the Company’s Series A Preferred Stock. The transaction was closed on July 27, 2021.
The Company is authorized to issue shares of $ par value common stock. As of March 31, 2026 and December 31, 2025, the outstanding shares of common stock were , respectively.
|