EQUITY TRANSACTIONS

12 Months Ended

Dec. 31, 2024

EQUITY TRANSACTIONS

EQUITY TRANSACTIONS

NOTE 8 – EQUITY TRANSACTIONS

The Company is authorized to issue 250,000,000 shares of common stock and 25,000,000 shares of Preferred Stock. On July 1, 2024 the Company filed with the State of Nevada for the designation of 6,000,000 shares of Series A Preferred Stock (“Series A”) with a par value of $0.01 per share. Each share of Series A has liquidation priority over any Junior Securities, is convertible into common stock at the option of the holder on a ten-for-one basis and carries no common votes unless and until converted to common stock at which time the converted shares are entitled to vote on any matter submitted to common stockholders. The Series A shares are not entitled to dividends unless and until converted to common stock at which time they would have dividend rights as common stock holders. On July 25, 2024 the Board of Directors voted to issue a total of 620,000 shares of Series A Preferred Stock at $0.10 per share for a total of $62,000. As of September 30, 2024 the Company had received $42,000 of the proceeds and the remaining $20,000 was reflected as a subscription receivable. As of December 31, 2024 $20,000 of the received funds had been refunded, the $20,000 subscription receivable was canceled, and the remaining Series A Preferred Stock had been fully converted into common stock, resulting in 3,335,194 and 1,135,194 shares of common stock issued and outstanding at December 31, 2024 and 2023, respectively, and -0- shares of preferred stock issued and outstanding at December 31, 2024 and 2023.