CAPITAL STOCK	12 Months Ended
Dec. 31, 2023
Equity [Abstract]
CAPITAL STOCK	3. CAPITAL STOCK Preferred Stock December 31, 2023 and 2022 As of December 31, 2023, the Company had a total of 34,853 shares of Series C Preferred Stock outstanding with a fair value of $3,485,313, and a stated face value of one hundred dollars ($100) per share which are convertible into shares of fully paid and non-assessable shares of common stock of the Company. The holder of the Series C preferred stocks is entitled to receive dividends pari passu with the holders of common stock, except upon liquidation, dissolution and winding up of the Corporation. The holder has the right, at any time, at its election, to convert shares of Series C Preferred Stock into common stock at a conversion price of $0.0014 and has no voting rights. Common Stock December 31, 2023 During the years ended December 31, 2023, the Company did not issue any common stocks. On September 18, 2023, the Corporation entered into an agreement with certain shareholders who agreed to surrender for cancellation, an aggregate of 527,334 shares of common stock of the Corporation (the “Surrendered Shares”) which they own. The Surrendered Shares were cancelled and returned to the status of authorized and unissued shares of common stock of the Corporation on October 25, 2023. Common Stock December 31, 2022 During the year ended December 31, 2022, the Company issued 5,000,000 common stock purchase warrants for cash in the amount of $1,000. During the year ended December 31, 2022, the Company had 10,369,205 shares of common stock returned due to the investor being an unregistered dealer.

CAPITAL STOCK

12 Months Ended

Dec. 31, 2023

3. CAPITAL STOCK

Preferred Stock December 31, 2023 and 2022

As of December 31, 2023, the Company had a total of 34,853 shares of Series C Preferred Stock outstanding with a fair value of $3,485,313, and a stated face value of one hundred dollars ($100) per share which are convertible into shares of fully paid and non-assessable shares of common stock of the Company. The holder of the Series C preferred stocks is entitled to receive dividends pari passu with the holders of common stock, except upon liquidation, dissolution and winding up of the Corporation. The holder has the right, at any time, at its election, to convert shares of Series C Preferred Stock into common stock at a conversion price of $0.0014 and has no voting rights.

Common Stock December 31, 2023

During the years ended December 31, 2023, the Company did not issue any common stocks.

On September 18, 2023, the Corporation entered into an agreement with certain shareholders who agreed to surrender for cancellation, an aggregate of 527,334 shares of common stock of the Corporation (the “Surrendered Shares”) which they own. The Surrendered Shares were cancelled and returned to the status of authorized and unissued shares of common stock of the Corporation on October 25, 2023.

Common Stock December 31, 2022

During the year ended December 31, 2022, the Company issued 5,000,000 common stock purchase warrants for cash in the amount of $1,000.

During the year ended December 31, 2022, the Company had 10,369,205 shares of common stock returned due to the investor being an unregistered dealer.

- Definition

The entire disclosure for equity.

+ References

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+ Details

NewHydrogen, Inc. 10-K