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ADDITIONAL PAID IN CAPITAL
3 Months Ended
Mar. 31, 2026
Additional Paid In Capital  
ADDITIONAL PAID IN CAPITAL

 

9.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 from the original balance of $16,750 under shareholders’ equity. As of March 31, 2026 and December 31, 2025, the Company’s additional paid in capital was $162,864.