Stockholders’ Equity	12 Months Ended
Dec. 31, 2023
Equity [Abstract]
Stockholders’ Equity	Note 11 – Stockholders’ Equity As of December 31, 2023 and 2022, the Company had 50,389,011 and 45,621,868 shares of common stock issued and outstanding, respectively. On March 24, 2023, the Company issued 1,967,143 shares of common stock to complete the acquisition of Legend (Note 9). 2023 Equity Incentive Plan On June 15, 2023, the Board of the Company adopted an equity incentive plan to increase stockholder value and to advance the interests of the Company by furnishing a variety of economic incentives (“Incentives”) designed to attract, retain and motivate employees, certain key consultants and directors of the Company. Incentives may consist of opportunities to purchase or receive shares of Common Stock, $0.0001 par value, of the Company (“Common Stock”) on terms determined under this plan (the “2023 Equity Incentive Plan”). Under the 2023 Equity Incentive Plan, the Company can issue up to 5,000,000 shares of common stocks of the Company. Incentives may be granted in any one or a combination of: (a) incentive stock options and non-statutory stock options; (b) stock appreciation rights; (c) stock awards; (d) restricted stock; and (e) performance shares. Such incentives may be subject to vesting conditions determined by the Board of Directors at grant. The maximum term of options or other stock-based award granted is ten years or such lesser time as determined by the Board of Directors at the time of grant. On June 26, 2023, the Company granted a total of 2,800,000 shares of common stock of the Company to four consultants for one-year consulting services, pursuant to the Company’s 2023 Equity Incentive Plan. The fair value of the shares granted was valued in the amount of $1,960,000 (i.e. $0.7 per share) at the grant date. For the year ended December 31, 2023, the Company recognized share-based compensation in the amount of $1,031,014 and the deferred share-based compensation totaled $928,986 as of December 31, 2023 given the share certificates have been issued to the four consultants on the grant date. As of December 31, 2023, the Company’s common stock issuable under the 2023 Equity Incentive Plan totaled 2,200,000 shares.

Stockholders’ Equity

12 Months Ended

Dec. 31, 2023

Note 11 – Stockholders’ Equity

As of December 31, 2023 and 2022, the Company had 50,389,011 and 45,621,868 shares of common stock issued and outstanding, respectively.

On March 24, 2023, the Company issued 1,967,143 shares of common stock to complete the acquisition of Legend (Note 9).

2023 Equity Incentive Plan

On June 15, 2023, the Board of the Company adopted an equity incentive plan to increase stockholder value and to advance the interests of the Company by furnishing a variety of economic incentives (“Incentives”) designed to attract, retain and motivate employees, certain key consultants and directors of the Company. Incentives may consist of opportunities to purchase or receive shares of Common Stock, $0.0001 par value, of the Company (“Common Stock”) on terms determined under this plan (the “2023 Equity Incentive Plan”). Under the 2023 Equity Incentive Plan, the Company can issue up to 5,000,000 shares of common stocks of the Company. Incentives may be granted in any one or a combination of: (a) incentive stock options and non-statutory stock options; (b) stock appreciation rights; (c) stock awards; (d) restricted stock; and (e) performance shares. Such incentives may be subject to vesting conditions determined by the Board of Directors at grant. The maximum term of options or other stock-based award granted is ten years or such lesser time as determined by the Board of Directors at the time of grant.

On June 26, 2023, the Company granted a total of 2,800,000 shares of common stock of the Company to four consultants for one-year consulting services, pursuant to the Company’s 2023 Equity Incentive Plan. The fair value of the shares granted was valued in the amount of $1,960,000 (i.e. $0.7 per share) at the grant date. For the year ended December 31, 2023, the Company recognized share-based compensation in the amount of $1,031,014 and the deferred share-based compensation totaled $928,986 as of December 31, 2023 given the share certificates have been issued to the four consultants on the grant date.

As of December 31, 2023, the Company’s common stock issuable under the 2023 Equity Incentive Plan totaled 2,200,000 shares.

- Definition

The entire disclosure for equity.

+ References

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+ Details

FORGE INNOVATION DEVELOPMENT CORP. 10-K/A