STOCKHOLDERS EQUITY |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Stockholders' equity (deficit): | |
| STOCKHOLDERS' EQUITY | NOTE 9. STOCKHOLDERS’ EQUITY
Authorized Capital Stock Pursuant to the Company’s Certificate of Incorporation dated July 26, 2024, the authorized capital stock consists of (i) 100,000,000 shares of Common Stock, par value $0.0001 per share, and (ii) 10,000,000 shares of Preferred Stock, par value $0.0001 per share. As of June 30, 2026 and December 31, 2025, no shares of preferred stock were issued or outstanding. As of June 30, 2026 and December 31, 2025, 65,056,977 shares of common stock were issued and outstanding.
Activity for the Six Months Ended June 30, 2026 No shares of common stock or preferred stock were issued, cancelled, exchanged, repurchased, or otherwise modified during the six months ended June 30, 2026. No new subscription agreements were entered into and no subscription receivables were recorded during the six-month period.
Subscription Receivable In accordance with SEC Staff Accounting Bulletin Topic 4:E, subscription receivables (when present) are presented as a deduction from stockholders’ equity. As of June 30, 2026 and December 31, 2025, the Company has no outstanding subscription receivable, having cancelled the entire prior $2,000,000 balance during the year ended December 31, 2025. The cancellation comprised the rescission of the $1,000,000 Greenlink Pty Ltd ATF The Debsago Trust subscription on December 31, 2025, and the cancellation of the remaining $1,000,000 of subscriptions in connection with the share-for-share exchange with Nuvora Energy, Inc. on October 27, 2025. No cash was received in respect of either subscription. |