SUBSEQUENT EVENTS |
3 Months Ended |
|---|---|
Mar. 31, 2025 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS |
NOTE 16 – SUBSEQUENT EVENTS
Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855, from the balance sheet date through the date the financial statements were issued and has determined that no other subsequent events exist, except as noted below.
Second Adjustment Date for Soylent Stockholder Agreement
Pursuant to the Stockholder Agreement, the Second Share Adjustment is calculated as of May 15, 2025, the Second Adjustment Date. The issuance of the Second Adjustment Shares settles the outstanding shares liability of $5,607,174 as of March 31, 2025 by issuing 136,760,337 shares of Class A common stock at a price of $0.041 per share to the Soylent Shareholders as outlined in the Soylent Merger Agreement and Stockholder Agreement, as applicable. |
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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