Capital Stock

9 Months Ended

Sep. 30, 2022

Capital Stock

Capital Stock

Note 8: Capital Stock

On September 28, 2020 the Company issued 80,000,000 post-split (20,000,000 pre-split) shares of common stock for a purchase price of $0.001 per share to the Company’s then sole shareholder on receiving aggregate proceeds of $20,000.

On November 17, 2020 the Company increased its authorized capital to 200,000,000 shares with a par value of $0.001 per share, of which, 180,000,000 shares are designated as common shares and 20,000,000 shares are designated as preferred shares.

On December 17, 2021 the Board of Directors approved a 4 for 1 stock split on all issued and outstanding shares, bringing the total number of shares to 80,261,200 as of December 31, 2021.

A public offering of common stock in the Company commenced on April 26, 2021 when the Form S-1 registration statement filed with the SEC was declared effective. A total of 261,200 post-split (65,300 pre-split) shares at $1.0 per share were allotted.

On April 18, 2022, the Company issued 360,000 shares of common stock for consulting services.

There were no outstanding stock options or warrants.