Stockholders’ Equity	9 Months Ended
Sep. 30, 2023
Equity [Abstract]
Stockholders’ Equity	Note 11 – Stockholders’ Equity The Company is authorized to issue 525,000,000 shares of capital stock, $0.0000001 par value per share, of which 5,000,000 shares are designated as Series A Convertible Preferred stock, 20,000,000 shares are designated as preferred stock and 500,000,000 shares are designated as common stock. As of September 30, 2023 and December 31, 2022, there were no shares of preferred stock issued and outstanding. During the nine months ended September 30, 2023, the Company issued 600,000 shares common stock for stock subscription of $150,000 received during the year ended December 31, 2022. During the nine months ended September 30, 2023, the Company issued 340,000 shares of common stock for cash proceeds of $85,000, of which proceeds of $50,000 was used for repaying the amount due to the Company’s related party PCI. (Note 8) On June 12, 2023, the Company issued 1,000,000 shares of common stock valued at $0.90 per share, the Company’s stock price on the date of acquisition, to acquire 100% of the issued and outstanding shares of common stock of Pineapple Wellness, Inc., a California corporation controlled by the Chief Financial Officer, Director and shareholder of the Company. The investment in the common controlled entity and additional paid in capital of $900,000 were eliminated upon consolidation due to the acquisition of the entity under common control. During the nine months ended September 30, 2022, the Company received proceeds from stock subscriptions of $150,000 for 400,000 shares at $0.25 per share. As of September 30, 2023 and December 31, 2022, the total issued and outstanding common stock was 73,103,569 shares and 71,163,569 shares, respectively.

Stockholders’ Equity

9 Months Ended

Sep. 30, 2023

Note 11 – Stockholders’ Equity

The Company is authorized to issue 525,000,000 shares of capital stock, $0.0000001 par value per share, of which 5,000,000 shares are designated as Series A Convertible Preferred stock, 20,000,000 shares are designated as preferred stock and 500,000,000 shares are designated as common stock. As of September 30, 2023 and December 31, 2022, there were no shares of preferred stock issued and outstanding.

During the nine months ended September 30, 2023, the Company issued 600,000 shares common stock for stock subscription of $150,000 received during the year ended December 31, 2022.

During the nine months ended September 30, 2023, the Company issued 340,000 shares of common stock for cash proceeds of $85,000, of which proceeds of $50,000 was used for repaying the amount due to the Company’s related party PCI. (Note 8)

On June 12, 2023, the Company issued 1,000,000 shares of common stock valued at $0.90 per share, the Company’s stock price on the date of acquisition, to acquire 100% of the issued and outstanding shares of common stock of Pineapple Wellness, Inc., a California corporation controlled by the Chief Financial Officer, Director and shareholder of the Company. The investment in the common controlled entity and additional paid in capital of $900,000 were eliminated upon consolidation due to the acquisition of the entity under common control.

During the nine months ended September 30, 2022, the Company received proceeds from stock subscriptions of $150,000 for 400,000 shares at $0.25 per share.

As of September 30, 2023 and December 31, 2022, the total issued and outstanding common stock was 73,103,569 shares and 71,163,569 shares, respectively.

- Definition

The entire disclosure for equity.

+ References

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+ Details

PINEAPPLE, INC. 10-Q