Subsequent Events |
3 Months Ended |
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Mar. 31, 2025 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS |
NOTE 14 – SUBSEQUENT EVENTS
Management has evaluated subsequent events as of May 15, 2025, the date the unaudited Condensed Consolidated Financial Statements were issued according to the requirements of ASC Topic 855.
Subsequent to March 31, 2025, the Company issued 9,701,747 shares as a result of Installment Conversions on the 2022 Convertible Promissory Notes, repaying the 2022 Convertible Promissory Notes in full.
On May 12, 2025, stockholders of the Company approved an amendment to the Company’s Amended and Restated Articles of Incorporation to increase the number of authorized shares of Common Stock from 300,000,000 to 400,000,000.
On May 12, 2025, stockholders of the Company approved an amendment to the 2021 Plan to increase the number of shares of the Company’s Common Stock authorized for issuance under the 2021 Plan from 11,000,000 to 26,000,000 shares. |
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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