Company: AIBT
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001096906-25-001895
Chunk: 26

Company: AIBOTICS, INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 8
Chunk 26
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 38,971,457 shares of common stock to settle accrued interest, totaling $119,589. The fair value of the shares issued was based on the market price of the Company’s common stock on the respective issuance dates. The Company recognized a net non-cash loss on settlement of approximately $21,633, recorded within Other Income (Expense) in the condensed consolidated statements of operations. 
 
During the nine months ended September 30, 2025, the Company issued 75,000,000 shares of common stock to settle accrued expenses – related party, totaling $225,000. 
 
During the nine months ended September 30, 2025, the Company issued 16,666,666 shares of its common stock for cash proceeds totaling $50,000.
 
During the nine months ended September 30, 2025, the Company issued 106,957,599 shares of common stock for a total consideration of $320,873, consisting of $117,009 in cash, the settlement of $192,938 of accrued interest and issuance costs of $10,925 paid directly by the investors.
 
Series A Preferred Stock
 
As of September 30, 2025 and December 31, 2024 we were authorized to issue 0 shares of Series A Preferred Stock, $0.001 par value. The holder of the Series A Preferred is entitled to cast that number of votes on all matters presented for stockholder vote to the stockholders of the Corporation that when taking into account the votes entitled to be cast by the Series A Preferred stockholder is equal to seventy-five percent (75%) of the total shares authorized to vote on such matter(s) and such holder shall vote along with holders of the Corporation’s Common Stock on such matters. Additionally, the Series A Preferred Stock is convertible into 9,793,754 shares of Company common stock at the option of the holder. 
 
On July 29, 2024, the Company entered into an Exchange Agreement with Ehave, Inc., its largest shareholder, whereby the Company agreed to issue Ehave, Inc. one share of Series A Preferred Stock in exchange for 9,793,754 shares of common stock.

15

Series B Preferred Stock - Mezzanine Equity
 
The Series B Preferred Stock is recorded as mezzanine equity in accordance with ASC 480, “Distinguishing Liabilities from Equity”. The Series B Shares are recorded as mezzanine equity in accordance with ASC 480 because the Company may