Subsequent Events |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | Note 14: Subsequent Events
Series X Preferred Stock dividend payments for Q2 FY2026
In July 2026, the Company issued a total of 454,052 shares of restricted common stock for the payment of its dividends on its Series X Preferred shares for Q2 FY2026. The issuances will be as follows: Leath – 42,154 shares, Balencic – 42,154 shares, Valania – 21,078 shares, Mitchell – 21,078 shares, Clifton – 21,078 shares, Anglo Irish – 306,510 shares.
Series A Preferred Stock redemptions for Q2 FY2026
In July 2026, the Company issued a total of 3,698,147 shares in redemption of its Series A Preferred Stock for Q2. The issuances were as follows: Pinz Capital – 389,296 shares, GS Capital – 1,026,089 shares (reduced from allowable to stay under 5% in total holdings), Jefferson Street – 230,583 shares, AJB – 1,026,089 shares (reduced from allowable to stay under 5% in total holdings), Cavalry/Mercer/CM – 1,254,142 shares in aggregate (reduced from allowable to stay under 5% total holdings). These issuances resulted in the reduction of Series A Preferred stock of $199,075, and the remaining outstanding face value, after giving effect to these issuances of the Series A Preferred shares, is $12,744,550.
Series X Preferred Stock issuances
On July 21, 2026 the Company issued 2,400 shares of its Series X Preferred stock whose total face value is $60,000 to two of its Directors, each. The Company also issued 4,800 shares of its Series X Preferred shares to its CEO whose total face value is $120,000. Lastly, we issued 2,400 shares of its Series X Preferred shares whose total face value $60,000 to an advisor to the Company for assistance on acquisitions.
As a result of these issuances the Company now has 63,703 shares of its Series X Preferred stock outstanding.
Other common stock issuances
Subsequent to June 30, 2026 the Company issued 1,000,000 shares of restricted common stock each to five individuals for an aggregate of 5,000,000 shares, who have been advisors to the Company.
Subsequent to June 30, 2026 the Company issued an aggregate of 3,100,000 shares of restricted common stock to four individuals who are responsible for its new Robo Agent software application as compensation for services.
Subsequent to June 30, 2026 the Company issued 1,000,000 shares of restricted common stock to a consulting firm for additional software development of certain applications.
Subsequent to June 30, 2026 the Company executed an Advisory Agreement with Dawson James Securities, and with that the issuance of 1,000,000 shares of restricted common stock as compensation. Additional compensation may be earned under the Agreement based on funding, mergers, or other activities.
Subsequent to June 30, 2026 the Company issued 3,000,000 shares of restricted common stock to Anglo Irish Management, LLC, who has provided consulting and advisory services to the Board of Directors for compensation.
Subsequent to June 30, 2026 the Company awarded each of the members of the Board of Directors 3,000,000 shares of restricted common stock as compensation.
Subsequent to June 30, 2026 the Company amended the June 2025 Bridge Note and the July 21, 2025 note with an institutional investor, which had an original maturity date of 12 months after the issuance date. The amendment waives the event of default and extends the maturity date to September 1, 2026. No other terms of the notes were changed and no additional consideration was given by the Company for the amendment.
Subsequent to June 30, 2026 the Company amended the two May 20, 2025 Bridge Notes and the July 22, 2025 Note with an institutional investors, which had an original maturity dates of 12 months after the issuance date. The amendment waives the event of default and extends the maturity date to December 31, 2026. No other terms of the notes were changed and no additional consideration was given by the Company for the amendment.
On August 2, 2026 the Company entered into a convertible promissory note with an institutional investor with a $20,000 purchase price, and has a maturity of six months from the date of the note. Under the terms of the note, the Company is obligated to repay a total of $22,000 as the note includes a 10% original issue discount. In addition the note shall accrue interest at a rate of 10% per annum, and in the event of default the rate will increase to 15%. In the event of default, the Notes are convertible at the election of the noteholder, into common stock of the Company at 70% of the average VWAP price for the preceding five business days but in no event can the holder elect to convert to the extent they would beneficially own more than 4.99% of the outstanding shares.
On August 12, 2026, the Company entered into a short term note payable agreement for $125,000 with one of its investors and received cash proceeds of $100,000. The note is issued with an original issue discount (OID) of 20%, and bears interest at an annual rate of 10% on the unpaid principal balance of Notes unless and until an event of default has occurred and in the event of default, accrue interest at a rate equal to 18% or, if less, the highest amount permitted by law payable from and after the occurrence and during the continuance of any event of default until the event of default is cured. In addition, in the event of default, the balance of the note shall automatically increase to 130% of the outstanding balance.
On August 12, 2026, the Company entered into a short term note payable agreement for $75,000 with one of its investors and received cash proceeds of $60,000. The note is issued with an original issue discount (OID) of 20%, and bears interest at an annual rate of 10% on the unpaid principal balance of Notes unless and until an event of default has occurred and in the event of default, accrue interest at a rate equal to 18% or, if less, the highest amount permitted by law payable from and after the occurrence and during the continuance of any event of default until the event of default is cured. In addition, in the event of default, the balance of the note shall automatically increase to 130% of the outstanding balance. |