ID Global Corporation and Subsidiary Notes to Financial Statements December 31, 2017 STOCKHOLDERS’ EQUITY The Company is authorized to issue 7,500,000,000 shares of common stock and 100,000,000 shares of preferred stock as of the balance sheet date. 5,819,454,357 common shares and 80,000,000 preferred shares are issued and outstanding as of the balance sheet date. The preferred shares that were issued during the year ended December 31, 2016 have been designated as Series A Convertible Preferred Stock. Each Series A share can be converted into 1 share of common stock and has voting rights equal to 100 votes per share. They also have preferred liquidation rights equal to $0.001 per share before common shareholders. The Company also designated 10,000,000 preferred shares as Series B Convertible Preferred Stock. Each Series B share can be converted into 100 shares of common stock, but has no voting rights. They also have preferred liquidation rights equal to $1.00 per share before common shareholders. No Series B shares have been issued as of the balance sheet date.
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