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STOCKHOLDERS’ EQUITY/DEFICIT
 3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
STOCKHOLDERS’ EQUITY/DEFICIT

NOTE 3 – STOCKHOLDERS’ EQUITY/DEFICIT

 

General

 

The following description of our securities and certain provisions of our amended and restated certificate of incorporation and amended and restated bylaws are summaries and are qualified by reference to the amended and restated certificate of incorporation and our bylaws that will be in effect on the closing of this offering. Copies of these documents have been filed with the SEC as exhibits to our registration statement, of which this prospectus forms a part. The descriptions of the Shares, and preferred stock, reflect changes to our capital structure that will be in effect on the closing of this offering. In the first quarter of 2025 distributions to affiliate company Fonon Corporation totaled $1,683,865. They include sales, marketing, payroll, and other shared costs associated with Fonon Corporation.

 

Preferred Stock

 

  ● Par value: 0.001
  ● Authorized: 10,000,000
  ● Issued: There were no preferred shares issued and outstanding as of March 31, 2025

 

Common Stock

 

  ● Par value: 0.001
  ● Authorized: 100,000,000
  ● Issued: 14,301,087 as of March 31, 2025

 

In January 2025 18,692 shares of common stock were issued as part of the payment for the purchase of the assets and certain liabilities of Control Micro System (CMS Laser).

 

Warrants

 

As of March 31, 2025, there were 1,050,000 Warrants Outstanding

 

Warrants as of December 31, 2024  $4.34    1,050,000    4,557,000 
Issued        -      
Expired        -      
Warrants as of March 31, 2025  $4.34    1,050,000    4,557,000 

 

Options

 

As of March 31, 2025, there weren’t Options Issued or Outstanding