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

NOTE 8 – SUBSEQUENT EVENTS

 

Management has evaluated all subsequent events through the date of filing. 

 

On April 10, 2026, the Board of Directors adopted a resolution to terminate the company’s three equity compensation plans: the 2017 Stock Incentive Plan (the “2017 Plan”), the 2019 Stock Incentive Plan (the “2019 Plan”), and the 2022 Stock Incentive Plan (the “2022 Plan”). Each of the Plans was terminated effective December 31, 2025.

 

On April 16, 2026, the Board of Directors adopted a resolution to approve and authorize an amendment to the Original Certificate of Designation for Series D to increase the total number of authorized shares of Series D Preferred Stock from 210 shares to 500 shares.

 

On April 21, 2026, GHS Investments entered into a financing arrangement and purchased 45 shares of Series D Convertible Preferred Stock, $0.001 par value, $1,200 stated value, for a cash consideration of $43,100, The Company paid sales commissions of $900 and $1,000 in legal fees to complete this sale transaction.

 

On May 6, 2026, the Company entered into an extension to the July 29, 2020 Convertible Promissory Note G issued to GHS Investments in the original principal amount of $75,000.. The maturity date of the Note G was extended from April 29, 2026 to October 31, 2026. In addition, all prior Events of Default (as defined in the Note) were waived by GHS (Note 4).

 

On June 12, 2026, GHS Investments entered into a financing arrangement and purchased 37 shares of Series D Convertible Preferred Stock, $0.001 par value, $1,200 stated value, for a cash consideration of $36,280. The Company paid sales commissions of $720.

 

On July 9, 2026, GHS Investments entered into a financing arrangement and purchased 27 shares of Series D Convertible Preferred Stock, $0.001 par value, $1,200 stated value, for a cash consideration of $26,460. The Company paid sales commissions of $540.