Stock |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Equity [Abstract] | |
| Stock | NOTE 6 – Stock
Preferred Stock
Preferred stock consists of shares authorized at $ par value. 10,000,000 of these preferred shares have been separately allocated to Series A Preferred. Preferred stock can be converted into 100 shares of common stock, have dividend rights at 100 times common and have voting rights equal to 100 shares of common stock. At March 31, 2026 and December 31, 2025, there were -- Series A Preferred shares issued and outstanding.
Common Stock
Common stock consists of shares authorized at $ par value. At March 31, 2026 and December 31, 2025, there were shares issued and outstanding.
On January 24, 2025 the Board approved the issuance of shares of common stock to pay Mr. Ferguson for $2,173,000 that was owed to him. The difference of $802,000 is considered a loss on liability settlement and is included in the statement of operations for the three months ended March 31, 2025.
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