EQUITY

12 Months Ended

Dec. 31, 2024

NOTE 11 – EQUITY

Common Stock

As of December 31, 2024, the Company had 4,500,000,000 authorized shares of Common Stock with a par value of $0.001. As of December 31, 2024, and December 31, 2023, there were 109,369,075 and 18,326,075 shares of Common Stock issued and outstanding, respectively.

2024 Issuances

During the year ended December 31, 2024 the Company issued the following common shares:

	·	607,500,000 common shares upon the conversion of 12,150,000 Series Preferred shares
	·	133,000 common shares were sold under the Form S-1 registration statement, for proceeds of $199,500
	·	9,200,000 common shares were exchanged for 9,200,000 shares of Series A Preferred Stock of IFA. These shares were valued at $13,800,000. See Note 3 – Investments
	·	550,000,000 common shares were cancelled in return of 11,000,000 Series Preferred shares
	·	200,000,000 common shares upon the conversion of 4,000,000 Series Preferred shares
	·	175,890,000 common shares were cancelled in return of 3,517,800 Series Preferred shares
	·	100,000 common shares were donated to Wichita State University Foundation

2023 Issuances

During the year ended December 31, 2023, the Company issued 114,510 restricted common shares to various individuals for services provided. These shares were valued at $4.00 each, based on the trading price of the Company’s common stock on the date the share issuance which is on February 15, 2023, was approved by the Company’s Board of Directors. As a result, the Company recorded stock-based compensation expense of $458,040 for the year ended December 31, 2023.

Preferred Stock

During 2020 the Company had 855,000 shares of Preferred Series A Stock outstanding. This Class of Preferred had a 1 for 1 conversion ratio to common stock. During 2021 this class of Series A Preferred Stock was converted to 855,000 shares of common stock prior to the reverse split. On a post-split basis of 250 to 1, this amounted to 3,420 common shares. In March 2021 the Company designated a new class of Series A Preferred Stock.

As of December 31, 2023, the Company has authorized 300,000,000 shares of Preferred Series A Stock. As of December 31, 2024, and December 31, 2023, there were 226,206,479 and 227,838,679 Preferred Series A shares issued and outstanding, respectively. Each share of preferred stock is convertible to 50 shares of common stock.

- Definition

The entire disclosure for equity.

+ References

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+ Details

Winvest Group Ltd 10-K