Company: VYND
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001079973-25-000779
Chunk: 12

Company: Vynleads, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 8
Chunk 12
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 31, 2024 of $4,716.

9.       Stockholders’
Deficit

Our authorized capital stock consists of 50,000,000
shares of common stock, par value $0.0001 per share, and 5,000,000 shares of blank check preferred stock, par value $0.0001 per share.
As of March 31, 2025 and December 31, 2024, there are 18,327,364 and 18,327,364 shares of
common stock outstanding and there are no shares of preferred stock issued and outstanding at either date.

Contributed Capital

On September 21, 2020,
Mr. Mannine voluntarily agreed to cancel his employment agreement and waive all cash due and any related accruals. The salary forgiven
for the three months ended March 31, 2025 and 2024 of $32,500 and $32,500 is treated as in-kind contribution of service and reflected
as contributed capital in the financial statements (See notes 4 and 8).

Preferred Stock

Our board of directors,
without further stockholder approval, may issue preferred stock in one or more series from time to time and fix or alter the designations,
relative rights, priorities, preferences, qualifications, limitations and restrictions of the shares of each series. The rights, preferences,
limitations and restrictions of different series of preferred stock may differ with respect to dividend rates, amounts payable on liquidation,
voting rights, conversion rights, redemption provisions, sinking fund provisions and other matters. Our board of directors may authorize
the issuance of preferred stock, which ranks senior to our common stock for the payment of dividends and the distribution of assets on
liquidation. In addition, our board of directors can fix limitations and restrictions, if any, upon the payment of dividends on both classes
of our common stock to be effective while any shares of preferred stock are outstanding.

    13 
    VYNLEADS, INC.NOTES TO CONDENSED FINANCIAL STATEMENTSMarch 31, 2025(UNAUDITED) 

10.       Stock
Option Plan

In December 2017 our board of
directors adopted our 2017 Equity Incentive Plan, or the “2017 Plan.” Our stockholders ratified the 2017 Plan in December
2017. The purpose of the 2017 Plan is to encourage ownership in our company by our officers, directors, employees