STOCKHOLDERS' EQUITY

9 Months Ended

Sep. 30, 2025

Equity [Abstract]

STOCKHOLDERS' EQUITY

4. STOCKHOLDERS' EQUITY

The Company authorized 10,000,000 shares of Preferred Stock and 100,000,000 shares of Common Stock, of which there were no shares of Preferred Stock issued and outstanding and 986,400 shares of Common Stock issued and outstanding as of December 31, 2023. All series of stock had the same rights and preferences.

In May 2024, the Company's certificate of incorporation was amended to remove the shares of Preferred Stock from its authorized capital. As there were no shares outstanding at the time of the amendment, there were no shares that were cancelled. The Company authorized 10,000,000 shares of Common Stock, of which there were 986,400 shares of Common Stock issued and outstanding as of September 30, 2025 and December 31, 2024.

The Company's Board of Directors has the power to issue any or all of the authorized but unissued Common Stock without stockholder approval. As of September 30, 2025 there were no commitments to issue any shares of common stock.