Stockholders’ Deficit |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Equity [Abstract] | |
| Stockholders’ Deficit | Note 4 – Stockholders’ Deficit
As of March 31, 2026 and December 31, 2025, the Company had authorized shares of common stock, consisting of (i) shares of Class A common stock, $ par value per share, and (ii) shares of Class B common stock, $ par value per share. The holders of Class A common stock and Class B common stock vote together as a single class on all matters, including the election of directors.
Class A Common Stock
As of March 31, 2026 and December 31, 2025, the Company had of Class A common stock issued and outstanding. Each share of Class A common stock has one vote per share.
Class B Common Stock
As of March 31, 2026 and December 31, 2025, the Company had shares of Class B common stock issued and outstanding. Each share of Class B common stock has 50 votes per share.
Shares Issued in Offering
On January 28, 2025, the Company entered into securities purchase agreements with an investor, pursuant to which the Company agreed to sell and issue an aggregate of shares of Class A common stock at a purchase price of $ per share for aggregate proceeds to the Company of $1,100,000.
Global Equity Incentive Plan (2026)
On January 30, 2026, the Board and the Company’s majority stockholder approved the Global Equity Incentive Plan (2026) (the “Equity Plan”). The Equity Plan provides for the grant of equity-based awards to employees, directors and other service providers of the Company and its affiliates. A total of shares of the Company’s Class A common stock has been reserved for issuance under the Equity Plan. No equity-based awards were issued pursuant to the Equity Plan during the three months ended March 31, 2026.
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