Subsequent Events |
6 Months Ended | ||
|---|---|---|---|
Jun. 30, 2026 | |||
| Subsequent Events [Abstract] | |||
| SUBSEQUENT EVENTS |
Conversion of convertible debt
On July 10, 2026, in terms of a conversion notice received from a convertible note holder, the Company issued 1,312,500 shares of common stock for the conversion of principal and interest of $26,250 of convertible debt at a conversion price of $0.02 per share.
On July 23, 2026, in terms of conversion notices received from two convertible note holders, the Company issued an aggregate of 47,500,000 shares of common stock for the conversion of interest of $27,786 of convertible debt, at a conversion price of $0.000585 per share.
Consulting agreement
On July 8, 2026, the Company entered into a consulting agreement with an entity whereby the company issued 2,000,000 shares of common stock at the market price of $0.003 per share, valued at $6,000 on the effective date of the agreement. Convertible debt funding
On July 16, 2026, the Company entered into Securities Purchase Agreements with an accredited investor to purchase a convertible note for gross proceeds of $78,000, bearing interest at 8% per annum and maturing on July 16, 2027. The note is convertible into shares of common stock at an exercise price of $0.01 per share (as adjusted for stock splits, stock combinations, dilutive issuances and similar events). The Company also issued a five-year warrant to purchase an aggregate of 7,800,000 shares of common stock at exercise price of $0.01 per share (as adjusted for stock splits, stock combinations, dilutive issuances and similar events), associated with the Convertible Note. The warrant has price protection which reduces the exercise price of the warrant for any subsequent stock issuances lower than the current exercise price.
Cancellation of common stock
On April 14, 2026, the company issued 10,000,000 shares of common stock to an employee of one of our Joint venture partners who will be performing sales and marketing activities for the Jetties joint venture.
On August 11,2026, the Company canceled the 10,000,000 shares issued to the consultant due to a mutual understanding to cancel the arrangement with the employee of our joint venture partner.
Other than disclosed above, the Company has evaluated subsequent events through the date of the financial statements were available to be issued and has concluded that no such events or transactions took place that would require disclosure herein. |