Stockholders' Equity |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Stockholders' Equity [Abstract] | |
| Stockholders' Equity | Note 8 – Stockholders’ Equity
Preferred Stock
The Company is authorized to issue 40,000,000 shares of preferred stock with a par value of $0.0001 per share. As of June 30, 2026 and December 31, 2025, there were no shares of preferred stock issued and outstanding.
Common Stock
The Company is authorized to issue 160,000,000 shares of common stock with a par value of $0.0001 per share, of which 52,234,983 shares were issued and outstanding as of June 30, 2026 and December 31, 2025. Each common stockholder is entitled to one vote for each share held.
Shares Issued for Services
On September 30, 2025, the Company issued 1,000,000 shares of restricted common stock to officers of Iron Horse for management advisory services to be rendered over a six-month term, with a fair value of $4,090,000. The fair value is being amortized over the service period ending March 30, 2026. During the six months ended June 30, 2026, the Company amortized $2,045,000 (December 31, 2025: $2,045,000). As of June 30, 2026, the unamortized balance was $nil (December 31, 2025: $2,045,000). |
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- References No definition available.
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- Definition The entire disclosure for equity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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