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SHAREHOLDERS’ EQUITY
 9 Months Ended
Sep. 30, 2025
Equity [Abstract]  
SHAREHOLDERS’ EQUITY

NOTE 17. SHAREHOLDERS’ EQUITY

 

Common stock

 

On January 3, 2025, Off the Hook YS Inc. was incorporated in Neveda and became the holding company pursuant to the Reorganization described in Note 1. The total authorized shares of common stock were 100,000,000 shares, each common stock is entitled to one vote.

 

Each common stock has $0.001 par value. As of September 30, 2025 and December 31, 2024, the Company had 20,000,000 shares of common stock issued and outstanding.

 

Preferred Stock

 

The Company authorized 100,000 shares of blank check preferred stock in one or more series or classes and to designate the rights, preferences and privileges of each series or class, which may be greater than the rights of our Common Stock. There are no shares of preferred stock designated or outstanding as of September 30, 2025, and December 31, 2024.

 

Member Distribution

 

The Company’s member distribution for the nine months ended September 30, 2025 and 2024, was $2,354,874 and $835,111, respectively.