v3.26.1
Subsequent Events
3 Months Ended
Mar. 31, 2026
Subsequent Events [Abstract]  
Subsequent Events

Note 9: Subsequent Events

 

On April 8, 2026, the Company entered into a Master Reseller Agreement (the “Reseller Agreement”) for an initial term of three-years. Upon execution of the agreement, the Company received $3,000,000 as a credit balance for future service. In connection with the Reseller Agreement, the Company granted the issuance of a ten-year warrant to purchase a number of shares of common stock having a value of $3,000,000. The warrant amount will be based on the day volume weighted average price of the common stock during the 30-day period ending on the day prior to the execution of the warrant.

 

As of April 10, 2026, the Company purchased 4,166,667 shares of the Company’s Series B-1 Preferred Stock held by Rowland at a price of $0.66 per Series B-1 Preferred share for a total cash consideration of $2,850,000.

 

On April 7, 2026, the Company defaulted on the March 26, 2026 Secured Promissory Notes. The Company granted the issuance of 8,750,000 common stock shares to the holders for failure to pay the principal and accrued interest on the maturity date.