ADDITIONAL PAID IN CAPITAL

6 Months Ended

Jun. 30, 2023

Additional Paid In Capital

ADDITIONAL PAID IN CAPITAL

8. ADDITIONAL PAID IN CAPITAL

On August 18, 2022, the former President of the Company, Olegas Tunevicius signed an Assignment, Assumption, and Indemnity Agreement to assume all liabilities and debts and obligations of Bigeon as of the Closing date of the Stock Purchase Agreement (Note 1). As of the Closing date, total liabilities amounting to $146,114 was assigned to Mr. Tunevicius and the Company account for this transaction as a capital contribution and an increase of additional paid-in capital under shareholders’ equity from $16,750 as of December 31, 2021 to $162,864 as of June 30, 2023 and December 31, 2022.