Stockholders’ Equity |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Stockholders' Equity Note [Abstract] | |
| Equity [Text Block] | 7. Stockholders’ Equity
The Company is authorized to issue up to 500,000,000 shares of common stock, $0.0001 par value per share. At June 30, 2026 and December 31, 2025, the Company had 60,459,890 shares of common stock issued and outstanding.
Equity transactions during the six months ended June 30, 2026:
The Company received capital contributions from related parties in the amount of $70,155.
Equity transactions during the six months ended June 30, 2025:
On January 22, 2025, the Company sold 642,857 shares of common stock at a price of $0.14 per share for cash proceeds of $90,000.
On February 4, 2025, the Company issued 2,000,000 shares of common stock with a fair value of $280,000 to its Chief Executive Officer as compensation for ongoing services.
On February 4, 2025, the Company issued 2,000,000 shares of common stock with a fair value of $280,000 to its Chief Financial Officer as compensation for ongoing services.
On February 4, 2025, the Company issued 1,000,000 shares of common stock with a fair value of $140,000 to its Corporate Secretary as compensation for ongoing services.
On June 2, 2025, the Company issued 76,365 shares of common stock, with a fair value of $10,691, for the conversion of principal and accrued interest on notes payable in the amount of $11,454. The Company recognized a gain on conversion of debt in the amount of $763 in additional paid-in capital.
On June 2, 2025, the Company cancelled 300,000 shares of common stock held by a former director, who returned the shares to the Company upon his resignation from the Board of Directors. The Company recorded the cancellation of these shares at their par value and charged the amount of $30 to additional paid-in capital. |