STOCKHOLDERS DEFICIT |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| STOCKHOLDERS DEFICIT | |
| STOCKHOLDERS' DEFICIT | NOTE 9 – STOCKHOLDERS’ EQUITY
As of June 30, 2026 and December 31, 2025, the Company had 51,783,583 and 51,783,583 shares of common stock issued and outstanding.
As of June 30, 2026 and December 31, 2025, the Company had 5,003,774 and 5,003,774 shares of Class A preferred stock issued and outstanding, respectively.
Series A Preferred Shares convert at a ratio of 1:50, meaning every (1) one Series A Preferred Share shall convert into 50 shares of Common Stock of the Company. The holder of each share of Series A Preferred Stock shall also have such number of votes as is determined by multiplying (a) the number of shares of Series A Preferred Stock held by such holder; and (b) by 500.
As of June 30, 2026 and December 31, 2025, the Company had 3,500,000 and 3,500,000 Class B preferred stock issued and outstanding, respectively.
Series B Preferred Shares convert at a ratio of 1:25, meaning every (1) one Series A Preferred Share shall convert into 25 shares of Common Stock of the Company. The holder of each share of Series B Preferred Stock shall also have such number of votes as is determined by multiplying (a) the number of shares of Series B Preferred Stock held by such holder; and (b) by 50. |