v3.26.1
SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2026
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 11 – SUBSEQUENT EVENTS

 

Management has evaluated subsequent events in accordance with ASC 855, Subsequent Events, through the date the financial statements were issued. Other than the foregoing, no material subsequent events identified that require recognition or disclosure as of August 14, 2026.

 

As reported on Form 8-K filed with the Commission on August 13, 2026, on August 7, 2026 the Company’s Board of Directors approved the termination of the designations, rights and preferences of the Series B Preferred Stock and filed Articles of Amendment to its Articles of Incorporation with the Secretary of State of the State of Florida to terminate the Series B Preferred Stock (the “Articles of Amendment”). Following the termination of the Series B Preferred Stock, the Company has authorized: 40,000,000,000 ($0.001 par value) common stock shares and 120,000,000 ($0.001 par value) preferred stock shares, of which the Board of Directors is authorized, to the fullest extent permitted by the Florida Business Corporation Act, including Section 607.0602, to provide for the issuance of preferred stock in one or more series and, by resolution duly adopted, to establish the designation of each series and to fix the number of shares constituting such series and the preferences, limitations, relative rights, and other terms of each series.

 

On August 13, 2026, the Company’s Board and stockholders holding approximately 55.729% of the outstanding voting equity of the Company approved by written consent an amendment to the Company’s Bylaws to decrease the number of shares needed to establish a quorum for meetings of stockholders to thirty-three-and-one-third percent (33 1/3%) of the outstanding voting securities of the Company. The Company plans to file its Schedule 14C with the Commission as soon as practicable. In accordance with Rule 14c-2 and Rule 14a-16 promulgated under the Exchange Act, the actions will become effective no sooner than the 40th calendar day after the Notice of Internet Availability of Information Statement with respect to the Election (the “Notice”) is first sent to our stockholders as of the Record Date, August 10, 2026.