STOCKHOLDERS’ EQUITY |
6 Months Ended |
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Jun. 30, 2026 | |
| Equity [Abstract] | |
| STOCKHOLDERS’ EQUITY | NOTE 11 — STOCKHOLDERS’ EQUITY
The Company is authorized to issue and common shares, par value $ per share as of June 30, 2026 and December 31, 2025, respectively, and and shares of preferred stock, par value $ per share as of June 30, 2026 and December 31, 2025, respectively. As of June 30, 2026 and December 31, 2025, the Company had and common shares issued and outstanding, respectively. The common shares entitle the holder thereof to one vote per share on all matters coming before the shareholders of the Company for a vote. shares of preferred stock have been issued or designated by First Breach, Inc.
LLC conversion to C-Corp.
On October 22, 2021, First Breach, LLC converted from a Delaware limited liability company to a Delaware corporation, First Breach, Inc. The Certificate of Incorporation of First Breach, Inc. authorizes the issuance of shares of common stock and shares of preferred stock. shares of preferred stock have been issued or designated by First Breach, Inc. The former equity unit holders of First Breach, LLC were issued shares of common stock following the limited liability company’s conversion to a Delaware corporation.
Amended and Restated Certificate of Incorporation
On January 19, 2026, the Company’s Board of Directors and stockholders approved an Amended and Restated Certificate of Incorporation. The Restated Certificate, among other matters, (i) authorizes the issuance of preferred stock in one or more series with terms to be determined by the Board, (ii) provides for one vote per share of common stock, and (iii) increases the authorized number of shares of common stock from to shares.
Share issuances
During the six months ended June 30, 2026, the Company issued an aggregate of shares of common stock, with a fair value of $184,008, to consultants in connection with a public relations agreement and an investor relations agreement for services to be rendered through September 30, 2026 and April 3, 2027, respectively.
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