Capital Stock

3 Months Ended

Mar. 31, 2023

Capital Stock

Capital Stock

Note 6: Capital Stock

On September 28, 2020 the Company issued 20,000,000 post reverse stock-split (80,000,000 pre-reverse stock-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.

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 65,300 post reverse stock-split (261,200 pre-reverse stock-split) shares at $1.00 per share post reverse stock-split ($0.25 per share pre-reverse stock-split) were allotted.

On April 18, 2022, the Company issued 90,000 post reverse stock-split (360,000 pre-reverse stock-split) shares of common stock for consulting services.

On December 16, 2022 the Company’s Board of Directors approved a 1 for 4 reverse stock-split on all issued and outstanding shares, to become effective on January 1, 2023. All shares have been retroactively adjusted to reflect the numbers. Total number of issued and outstanding shares is 20,155,300 post reverse stock-split (80,621,200 pre-reverse stock-split)

As of December 31, 2022 there were no outstanding stock options or warrants.