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SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2026
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

NOTE 13 – SUBSEQUENT EVENTS

 

In accordance with ASC 855, “Subsequent Events,” the Company has analyzed its operations subsequent to June 30, 2026 to the date these financial statements were issued and has determined that it has the below material subsequent event to disclose in these financial statements.

 

Effective July 6, 2026, the Company engaged a non-affiliated corporate consultant as a non-exclusive corporate management and PR consultant for a one-year term. As compensation, the Company issued 1,000,000 restricted shares, fully vesting at the end of the term.

 

Effective July 6, 2026, a non-affiliated corporate consultant voluntarily agreed to surrender 3,000,000 restricted common shares, reducing the Company's outstanding shares by 3,000,000 as of the agreement date.

 

On July 7, 2026, the Company entered into an agreement to issue a convertible promissory note with a one-year maturity term to Quick Capital LLC, an unrelated third-party investor, for an amount of $27,777.78 with a $2,777.78 original issue discount. The convertible promissory note bears interest at 6% per annum. The conversion price is 60% of the lowest trading price during the 20 trading days prior to conversion.

 

On July 8, 2026, the Company’s Board of Directors approved the cancellation and correction of 1,000,000 restricted shares that had been inadvertently issued or recorded as management incentive shares on May 28, 2026 before the application closing conditions under the March 10, 2026 Cooperation Agreement with AEEC International Pty Ltd. were satisfied. The shares related to the incomplete proposed acquisition.

 

On July 13, 2026, the Company entered into an agreement to issue a convertible promissory note with a one-year maturity term to Jefferson Street Capital LLC, an unrelated third-party investor, for an amount of $27,500 with a $2,500 original issue discount. The convertible promissory note bears interest at 6% per annum. The conversion price is 60% of the lowest trading price during the 20 trading days prior to conversion.

 

On July 13, 2026, the Company entered into an agreement to issue a convertible promissory note with a one-year maturity term to Lambda Ventures LLC, an unrelated third-party investor, for an amount of $27,500 with a $2,500 original issue discount. The convertible promissory note bears interest at 6% per annum. The conversion price is 60% of the lowest trading price during the 20 trading days prior to conversion.

  

Except as described above, the Company did not identify any additional material subsequent events requiring disclosure through the date these financial statements were issued.