v3.26.1
Stockholders’ Deficit
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Stockholders’ Deficit

Note 6 – Stockholders’ Deficit

 

Share repurchase

 

On January 6, 2026, the Company entered into a securities purchase agreement with Golden Express Mines, Inc., a related party, to repurchase 1,415,000 shares of its common stock at $0.01 per share for total consideration of $14,150.

 

Stock Warrants, Stock Options, and the 2017 Equity Incentive Plan:

 

Under the 2017 Equity Incentive Plan, the Company is authorized to grant rights to acquire up to a maximum of 200,000 shares of common stock. The 2017 Plan provides for the grant of (1) both incentive and non-statutory stock options, (2) stock bonuses, (3) rights to purchase restricted stock and (4) stock appreciation rights. As of June 30, 2026, the Company had 128,000 shares available for future grants.

 

Stock option activity within the 2017 Equity Incentive Plan and warrant activity outside the plan, for the six months ended June 30, 2026 is as follows:

            
    Stock Options    Stock Warrants 
    Shares    Weighted Average
Exercise Price		    Shares    Weighted Average
Exercise Price		 
Outstanding at December 31, 2025   72,000   $2.00    –   $– 
Granted   –    –    –    – 
Cancelled   –    –    –    – 
Expired   –    –    –    – 
Exercised   –    –    –    – 
Outstanding at June 30, 2026   72,000   $2.00    –   $– 
Exercisable at June 30, 2026   72,000   $2.00    –   $– 

 

As of June 30 2026, the outstanding stock options have a weighted average remaining term of 1.32 years and have no intrinsic value.