SHAREHOLDERS DEFICIT	3 Months Ended
Mar. 31, 2025
SHAREHOLDERS DEFICIT
SHAREHOLDERS' DEFICIT	5. SHAREHOLDERS’ DEFICIT (a) Preferred Stock Authorized shares The Company was authorized to issue 175,000,000 shares of Class A preferred stock at par value of $0.001. Any class of preferred stock may have preferential voting rights, liquidation rights or other rights with respect to the class of common stock. These preferential rights may have anti-takeover effects and may also result in the dilution of the common shareholders; equity interest and earnings per share. Issued and outstanding shares As of March 31, 2025 and December 31, 2024, 1 share of Class A preferred stock was issued and outstanding. (b) Common Stock Authorized shares The Company was authorized to issue 1,000,000,000 shares of common stock at par value of $0.001. Issued and outstanding shares As of March 31, 2025 and December 31, 2024, 825,861,858 shares of common stock were issued and outstanding respectively. Stock Incentive Option Plan On October 14, 2020, the Company approved a Share Incentive Option Plan whereby an aggregate of twenty million (20,000,000) shares of common stock were initially reserved for issuance upon exercise of stock options under the Plan. As of March 31, 2025, 19,650,000 stock of common shares have been issued under the Plan. As of March 31, 2025 and December 31, 2024, 350,000 shares are reserved to be issued under the Plan respectively. The Plan shall remain in effect for a period of ten (10) years from the effective date of October 14, 2020 for the granting of options and until all options granted under the Plan have been exercised or expired, or vested or forfeited.

SHAREHOLDERS DEFICIT

3 Months Ended

Mar. 31, 2025

5. SHAREHOLDERS’ DEFICIT

(a) Preferred Stock

Authorized shares

The Company was authorized to issue 175,000,000 shares of Class A preferred stock at par value of $0.001. Any class of preferred stock may have preferential voting rights, liquidation rights or other rights with respect to the class of common stock. These preferential rights may have anti-takeover effects and may also result in the dilution of the common shareholders; equity interest and earnings per share.

Issued and outstanding shares

As of March 31, 2025 and December 31, 2024, 1 share of Class A preferred stock was issued and outstanding.

(b) Common Stock

Authorized shares

The Company was authorized to issue 1,000,000,000 shares of common stock at par value of $0.001.

Issued and outstanding shares

As of March 31, 2025 and December 31, 2024, 825,861,858 shares of common stock were issued and outstanding respectively.

Stock Incentive Option Plan

On October 14, 2020, the Company approved a Share Incentive Option Plan whereby an aggregate of twenty million (20,000,000) shares of common stock were initially reserved for issuance upon exercise of stock options under the Plan. As of March 31, 2025, 19,650,000 stock of common shares have been issued under the Plan.

As of March 31, 2025 and December 31, 2024, 350,000 shares are reserved to be issued under the Plan respectively.

The Plan shall remain in effect for a period of ten (10) years from the effective date of October 14, 2020 for the granting of options and until all options granted under the Plan have been exercised or expired, or vested or forfeited.

- Definition

The entire disclosure for equity.

+ References

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+ Details

New Momentum Corp. 10-Q