v3.26.1
Shareholders’ Equity
3 Months Ended
Mar. 31, 2026
Shareholders’ Equity [Abstract]  
SHAREHOLDERS’ EQUITY

12. SHAREHOLDERS’ EQUITY

 

Common Stock

 

The Company has authorization to issue and outstanding at any one time 40,000,000 shares of common stock with a par value of $0.0001 per share. The holders of common stock are entitled to one vote per share and dividends declared by the Company’s Board of Directors. 

 

Preferred Stock

 

The Company has authorization to issue and have outstanding at any one time 1,000,000 shares of preferred stock with a par value of $0.0001 per share, in one or more classes or series within a class as may be determined by our board of directors, who establish, from time to time, the number of shares to be included in each class or series, fix the designation, powers, preferences and rights of the shares of each such class or series and any qualifications, limitations or restrictions thereof. Any preferred stock so issued is senior to other existing classes of common stock with respect to the payment of dividends or amounts upon liquidation or dissolution. As of March 31, 2026 and December 31, 2025, no shares of our preferred stock had been designated any rights and we had no shares of preferred stock issued and outstanding.

Dividend policy

 

Dividends are paid at the discretion of the Board of Directors. There were no dividends declared for the three months ended March 31, 2026 and 2025.