v3.26.1
Share capital
 12 Months Ended
Dec. 31, 2025
Notes and other explanatory information [abstract]  
Share capital

 

15 Share capital

                
   2025   2024   2025   2024 
    Number    Number    €    € 

Ordinary share capital authorised

Par value of €.01

   100,000,000    100,000,000    1,000,000    1,000,000 
                     

Issued and fully paid

Par value of €.01

   25,000,000    25,000,000    250,000    250,000 

 

 

           
Shares Issued and Fully Paid   2025     2024  
             
As of January 1,     25,000,000       20,000,000  
Additions     –       5,000,000  
As of December 31,     25,000,000       25,000,000  

 

On November 29, 2022, the Company was formed with an initial issuance of 12,258,458 shares of stock at € .01 par value for a total of € 122,585.

 

During the year ended 2023, the Company exchanged the outstanding 12,258,458 shares of stock in exchange for the purchase of intangible assets valued at €65,000,000 and issued an additional 7,741,542 shares of stock at €.01 par value for a total of €77,415.

 

During the year ended 2024, the Company issued 4,401,800 shares of stock to various creditors and shareholders in exchange of amounts due to them of €919,663 and issued 598,246 shares of stock to its officers in exchange for amounts due to them of €5,600,000.

 

The Company is not subject to any externally imposed capital requirements.