My Back Porch

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What does this mean? Are there 0 preferred shares issued and outstanding? Or does it mean 2,000,000 are both authorized and issued and outstanding?


ISSUER’S EQUITY AND SECURITIES
COMMON STOCK
Par Value $0.000001
120,000,000 Common Shares Authorized
119,721,624 Shares Issued and Outstanding
PREFERRED STOCK
Par Value $0.0001
2,000,000 Series “B” Preferred Shares Authorized
Issued and Outstanding