PREFERRED STOCK |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Equity [Abstract] | |
| PREFERRED STOCK | NOTE 7 – PREFERRED STOCK
On March 30, 2026, the Board of Directors and the sole shareholder of the Series A Preferred Stock of the Company authorized and approved an amended and restated Certificate of Designation of the Series A Preferred Stock of the Company.
The Company has authorized shares of Preferred Stock, par value $. of those shares are designated as Series A Convertible Preferred Stock (“Series A”). The holders of the Series A Preferred Stock shall, as a class, have rights in all matters requiring shareholder approval to a number of votes equal to eighty percent (80%) of: (i) The total number of shares of common stock which are issued and outstanding at the time of any election or vote by the shareholders; plus (ii) The number of votes allocated to shares of Preferred Stock issued and outstanding of any other class that shall have voting rights.
As of June 30, 2026, and December 31, 2025, there are shares of the Series A Preferred Stock issued and outstanding.
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