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COMMON STOCK
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
COMMON STOCK

NOTE 7 - COMMON STOCK

 

The Company may issue up to 400,000,000 shares of $.001 par value common stock. As of June 30, 2026, the Company had 68,296,490 of common shares outstanding. Some of these outstanding shares were granted as payment for services provided to the Company and are restricted. The restricted common stock is restricted for a period of three years following the date of grant. During the three-year period the recipient may not sell or otherwise dispose of the shares. The Company generally measures share-based compensation based on the fair value of its common stock on the grant date. In circumstances where the characteristics of the restricted shares differ from those of the Company’s actively traded common stock, the Company may apply a discount to the quoted market price to estimate fair value. See Note 2 for further discussion.

 

In November 2025, 320,000 shares at $0.07 per share were issued to a related party in connection with a stock warrant exercise on July 22, 2020.

 

In October 2025, the Board of Directors approved the issuance of 7,621,951 shares at $0.032 per share for the $243,902 value of services received from a related party.