SHAREHOLDERS’ EQUITY |
3 Months Ended |
---|---|
Jun. 30, 2024 | |
Equity [Abstract] | |
SHAREHOLDERS’ EQUITY | NOTE 8 – SHAREHOLDERS’ EQUITY
The Company is authorized to issued shares of Class A common stock.
On June 6, 2024, the Company amended its article with New York State to increase the authorized shares of common stock of the Company from thirty million ( ) shares of common stock, par value $ per share, to six billion ( ) shares of common stock, par value $ per share (the “Authorized Capital Increase”). Upon the effectiveness of the authorized shares increase, the shares of common stock will be categorized as follows: Class A shares, Class B shares, Class C shares, Class D shares, and Class E shares.
During the years ended March 31, 2024, a shareholder loan in the amount of $83,300 was forgiven by our former President and recorded as additional paid-in capital.
On March 28, 2023, the Company amended its article with New York State to change the authorized common shares with a par value of $ to shares, preferred shares.
|