CAPITAL STOCK |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| CAPITAL STOCK | |
| CAPITAL STOCK | NOTE E—CAPITAL STOCK
The Company is authorized to issue 1,000,000,000 Common Shares at $0.0001 par value per share.
Total issued and outstanding shares of common stock is 4,495,198 and 4,495,198 as of June 30, 2026 and June 30, 2025, respectively.
Total issued and outstanding shares of preferred stock is 1,936,000 and 1,936,000 as of June 30, 2026 and June 30, 2025, respectively.
The Company is authorized to issue 10,000,000 Series A Cumulative, Convertible Preferred Shares (Preferred Stock) at $0.0001 par value per share.
The Company agreed to reduce the price at which each share of Series A Preferred Stock, of which Ventureo is the sole holder, converts into Common Stock from $0.005 per share to $0.0002 per share. The Company filed an amendment to its Articles of Incorporation reflecting the change of the conversion price. The Company’s Board approved the Agreement by unanimous written consent to action on November 30, 2018, and the Majority Holders approved the Agreement by the Stockholder Consent on December 4, 2018.
During 2021, the Company converted 1,400 shares of Preferred Stock into 350,000 shares of Common Stock.
Capital Contributions
Brian Kupchik, President, and CEO made no capital contributions during the period ended June 30, 2026 and no capital contributions during the period ended June 30, 2025. |