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STOCKHOLDERS DEFICIT
12 Months Ended
Dec. 31, 2023
STOCKHOLDERS DEFICIT  
STOCKHOLDERS' DEFICIT

NOTE 6. STOCKHOLDERS’ DEFICIT

 

On May 5, 2022, the Company amended its Articles of Incorporation by filing a Certificate of Amendment with the Nevada Secretary of State which;

 

(a). Increased the authorized shares of common stock of the Company, par value $0.0001, from 200,000,000 shares to 500,000,000 shares, and

 

(b). Increased the authorized shares of preferred stock of the Company, par value $0.0001, from 10,000,000 shares to 50,000,000 shares and all such shares be deemed “blank check” preferred shares in accordance with Article Seventeen of the Company’s Amended and Restated Articles of Incorporation. (

Preferred Stock

 

As of December 31, 2023, the Company was authorized to issue 50,000,000 shares of preferred stock with a par value of $0.0001.

 

No shares of preferred stock were issued or outstanding during the years ended December 31, 2023 and 2022.

 

Common Stock

 

As of December 31, 2023, the Company was authorized to issue 500,000,000 shares of common stock with a par value of $0.0001.

 

On March 23, 2023, pursuant to the Stock Exchange Agreement with AiS, the Company issued 195,062,000 shares of its common stock. Along with the Stock Exchange Agreement the Company also reissued 31,000 stock purchase warrants that had been previously issued by AiS.

 

On June 20, 2023, the Company received a subscription agreement for the purchase of 80,000 shares at a price of $1.25 for total proceeds of $100,000.

 

Treasury Stock

 

The Company’s treasury stock comprised one share of common stock acquired at a cost of $52,954.