STOCKHOLDERS EQUITY |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| STOCKHOLDERS EQUITY | |
| STOCKHOLDERS' EQUITY | NOTE 11 — STOCKHOLDERS’ EQUITY
The Company is authorized to issue 75,000,000 shares of common stock, $0.001 par value, and 10,000,000 shares of preferred stock, $0.001 par value. No preferred shares were issued or outstanding at June 30, 2026 or December 31, 2025.
Shares issued during the six months ended June 30, 2026 were as follows: 3,000,000 shares in private placements for cash in the first quarter, for gross proceeds of $750,000; 1,800,000 shares in private placements for cash in the second quarter, for gross proceeds of $450,000; 6,846,000 shares in connection with the acquisition of Crestview / Flipside AI, valued at $1,711,500; 439,000 shares issued for services, valued at $109,750; and 816,000 shares issued in settlement of accrued wages, valued at $204,000. In total, 12,901,000 shares were issued during the period, increasing common stock and additional paid-in capital by $3,225,250 in the aggregate.
Shares issued other than for cash were valued at $0.25 per share, which is the price of cash subscriptions during the period, as the Company’s common stock does not trade in an active market.
At June 30, 2026, 34,564,312 shares of common stock were issued and outstanding. |