Share capital

12 Months Ended

Dec. 31, 2024

Share Capital

Share capital

4. Share capital

Details of share capital as of December 31, 2024 and 2023 are as follows:

	December 31, 2024		December 31, 2023
Number of authorized shares		5,000,000		5,000,000
Value per share	$	0.01	$	0.01
Number of shares issued		5,000,000		5,000,000
Common shares	$	50,000	$	50,000

During June 2023, the Group entered into an agreement to issue 5,000,000 shares of common shares for gross proceeds of $50,000. Each ordinary share maintains one voting right. The entire amount of this equity is held by Global Star and recorded as a receivable under the caption Other receivables - related parties in the Group’s Consolidated Statements of Financial Position.