PREFERRED STOCK |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Equity [Abstract] | |
| PREFERRED STOCK | NOTE 9 – PREFERRED STOCK
There are shares designated as Series A preferred stock (“Series A”). Each share of the Series A has five votes, is entitled to a 2% cumulative annual dividend, and is convertible at any time into shares of common stock.
As of March 31, 2026, there were shares of Series A issued and outstanding.
As part of the merger, the Company designated of its shares of authorized preferred stock as Series B preferred. Each Series B preferred share has voting power of 40 shares of the Company’s common stock. The Series B preferred will have no conversion feature.
As of March 31, 2026 and December 31, 2025, there are shares of Series B issued and outstanding.
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