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NOTE 6. STOCKHOLDERS’ EQUITY
9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
NOTE 6. STOCKHOLDERS’ EQUITY

NOTE 6. STOCKHOLDERS’ EQUITY

 

 

Preferred stock 

 

Mountain Top Properties Inc. is authorized to issue 100,000,000 shares of Preferred Stock, par value $.0001 per share.

 

As of September 30, 2024 & December 31, 2023, Mountain Top Properties Inc. had 100,000,000 shares of Series A Preferred Stock issued and outstanding.

 

Common stock 

 

Mountain Top Properties Inc is authorized to issue 800,000,000 shares of common stock, par value of $.0001 per share. As of September 30, 2024 the Company had 268,325,020 shares of its common stock issued and outstanding and as of December 31, 2023, the Company had 266,775,020 shares of its common stock issued and outstanding.

 

Common Stock Payable  

 

On October 19, 2023, Mountain Top Properties entered into a Marketing Services Agreement for Stock compensation. Hybrid Financial received 16,666,667 shares of common stock in exchange for marketing services valued at $498,333. The Company will use them to communicate to the US Financial Community information about the Company.

 

On December 8, 2023 a Subscription Agreement was entered into by Mountain Top Properties, Inc. and Mark Vargas to invest $10,000 in consideration for purchasing 1,000,000 shares of Common Stock at the price of $0.01 per share. This has been recorded as a Stock Payable in the Company.

 

On December 15, 2023 a Subscription Agreement was entered into by Mountain Top Properties, Inc. and Tatiana Vargas to invest $3,000 in consideration for purchasing 300,000 shares of Common Stock at the price of $0.01 per share. This has been recorded as a Stock Payable in the Company.

 

In December 2023, wires in the amount of $23,500 were deposited into Mountain Top Properties to be held for the consideration for purchasing Common Stock at a later date.. This has been recorded as a Stock Payable in the Company.

 

On March 18, 2024, a Subscription Agreement was entered into by Mountain Top Properties, Inc. and Mark Vargas to invest $2,500 in consideration for purchasing 250,000 shares of Common Stock at the price of $0.01 per share. This has been recorded as a Stock Payable in the Company.  

 

On July 29, 2024, the Company issued 1,000,000 shares of common stock to Mark Vargas in exchange for a $10,000 Stock Payable recorded on December 8, 2023.

 

On July 29, 2024, the Company issued 300,000 shares of common stock to Tatiana Vargas for a $3,000 Stock Payable recorded on December 15, 2023.

 

On August 14, 2024, the Company issued 250,000 shares of common stock to Mark Vargas in exchange for a $2,500 Stock Payable recorded on March 18, 2024.