STOCKHOLDERS' EQUITY (DEFICIT) DISCLOSURE |
12 Months Ended |
|---|---|
May 31, 2026 | |
| Notes | |
| STOCKHOLDERS' EQUITY (DEFICIT) DISCLOSURE | NOTE 10 - STOCKHOLDERS’ EQUITY
Preferred Stock
Effective June 3, 2024, the Company amended its articles of incorporation to increase the number of authorized shares of preferred stock to 50,000,000 shares, with a par value of $0.001 per share.
On July 2, 2024 the Company filed a Certificate of Designation, Preferences, and Rights with the State of Nevada to authorize the issuance of up to 5,000,000 shares of Series A Preferred Stock. The holders of the Series A Preferred Stock are not entitled to receive any dividends and the holders are not entitled to receive any assets of the Company available for distribution to its stockholders upon any liquidation, dissolution, or winding up of the corporation. Each Series A Preferred Stock share is entitled to votes equal to 10 shares of common stock.
On July 7, 2024, the Company issued 5,000,000 shares of Series A Preferred stock to our CEO. The shares of Series A Preferred Stock were issued in replacement for the same number of shares of preferred stock he received when he originally purchased the shares of preferred stock from the prior CEO, as it was determined the prior issuance of the shares of preferred stock was deficient in that the state filing did not include the certificate of rights and preferences for the original issuance.
There were no issuances, conversions or other changes involving the Company’s preferred stock during the year ended May 31, 2026. As of May 31, 2026 and 2025, the Company had 5,000,000 shares of Series A Preferred Stock issued and outstanding.
Common Stock
Effective June 3, 2024, the Company amended its articles of incorporation to increase the number of authorized shares of common stock to 1,000,000,000 shares, with a par value of $0.001 per share.
There were no issuances, conversions or other changes involving the Company’s common stock during the years ended May 31, 2026 and 2025. As of May 31, 2026 and 2025, the Company had 70,680,938 shares of common stock issued and outstanding. |