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CONVERTIBLE PREFERRED STOCK AND COMMON STOCK | 9 Months Ended
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Sep. 30, 2022
CONVERTIBLE PREFERRED STOCK AND COMMON STOCK |
CONVERTIBLE PREFERRED STOCK AND COMMON STOCK | NOTE 3 CONVERTIBLE PREFERRED STOCK AND COMMON STOCK The Company is authorized to issue two classes of stock designated as common stock and preferred stock. As of September 30, 2022 the total number of shares authorized was 1,200,000,000. The total number of shares of common stock authorized was 1,000,000,000. The total number of shares of preferred stock authorized was 200,000,000. All shares of the Company’s capital stock have a par value of $0.0001 per share. Common stockholders are entitled to dividends if and when declared by the Board of Directors of the Company and after any convertible preferred share dividends are fully paid. The holder of each share of common stock is entitled to one vote. The Company had no convertible preferred stock outstanding as of September 30, 2022. Immediately prior to the completion of the IPO in March 2021, all outstanding shares of the Company’s convertible preferred stock were automatically converted into 35,557,569 shares of common stock.

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