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Stockholders Deficit (Tables)
9 Months Ended
Sep. 30, 2024
Stockholders Deficit  
Summary of assumptions used in stock activity

Quantity of Series B, preferred stock issued majority shareholder

 

 

50,000

 

Conversion ratio of Series B, preferred stock into common stock

 

 

50

 

Equivalent Series A, common shares

 

 

2,500,000

 

Cash offering price for common shares

 

$1.00

 

Value of Series A, preferred stock issued

 

$2,500,000

 

Summary of fair value of all warrants granted

Expected term (years)

 

 

2.73

 

Expected volatility

 

 

52%

Expected dividends

 

 

0.00%

Risk free interest rate

 

 

4.60%
Summary of warrants

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

 

 

Weighted

 

 

Remaining

 

 

Aggregate

 

 

 

Number of

 

 

Average

 

 

Contractual

 

 

Intrinsic

 

Warrants

 

Warrants

 

 

Exercise Price

 

 

Term (Years)

 

 

Value

 

Outstanding - December 31, 2022

 

 

1,000,000

 

 

$3.50

 

 

 

2.57

 

 

$-

 

Vested and Exercisable - December 31, 2022

 

 

1,000,000

 

 

$3.50

 

 

 

2.57

 

 

$-

 

Unvested - December 31, 2022

 

 

-

 

 

$-

 

 

 

-

 

 

$-

 

Granted

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled/Forfeited

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding - December 31, 2023

 

 

1,000,000

 

 

$3.50

 

 

 

1.57

 

 

$2,500,000

 

Vested and Exercisable - December 31, 2023

 

 

1,000,000

 

 

$3.50

 

 

 

1.57

 

 

$2,500,000

 

Unvested and non-exercisable - December 31, 2023

 

 

-

 

 

$-

 

 

 

-

 

 

$-

 

Granted

 

 

1,000,000

 

 

$3.50

 

 

 

 

 

 

 

 

 

Exercised

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled/Forfeited

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding - September 30, 2024

 

 

2,000,000

 

 

$3.50

 

 

 

1.50

 

 

$-

 

Vested and Exercisable - September 30, 2024

 

 

2,000,000

 

 

$3.50

 

 

 

1.50

 

 

$-

 

Unvested and non-exercisable - September 30, 2024

 

 

-

 

 

$-

 

 

 

-

 

 

$-