Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

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Subsequent Events
9 Months Ended
Sep. 30, 2024
Subsequent Events [Abstract]  
Subsequent Events

Note 12 – Subsequent Events

 

On October 17, 2024, the Company repurchased 1,300,000 shares of common stock from two of the Company’s shareholders for an aggregate amount of $390,000. Documents have not yet been completed to date, and the Company is currently calculating the accounting effects of this transaction.

 

As of October 30, 2024, and after September 30, 2024, the Company also repurchased an additional 409,831 common shares from the open market for consideration of $102,639 at an average price of $0.25 in the open window under the Company’s active 10b-18 plan. The company plans to maintain these as treasury shares until certain retirement.

 

The Company has evaluated all other subsequent events through the date these consolidated financial statements were issued and determined that there were no other subsequent events or transactions that require recognition or disclosures in the consolidated financial statements.