v3.26.1
Capital Stock
6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Capital Stock

 

7. Capital Stock

 

Authorized Capital

 

The Company is authorized to issue 500,000,000 shares of common stock with a par value of $0.00001 per share.

 

Issued and Outstanding

 

At June 30, 2026 and December 31, 2025, there were 290,835,500 shares of common stock issued and outstanding. There were no issuances, repurchases or other equity transactions during the six months ended June 30, 2026.

 

Common Stock to be Issued

 

At June 30, 2026 and December 31, 2025, 2,166,667 shares of common stock with an aggregate par value of $21 were classified as common stock to be issued, representing previously authorized issuances pending settlement of administrative requirements.

 

Warrants

 

In connection with the AJB Capital Investments, LLC convertible note transaction, the Company issued the lender a warrant to purchase 750,000 shares of common stock at an exercise price of $1.00 per share. The warrant was outstanding and unexercised at June 30, 2026, and December 31, 2025.