The NWS goes on with the SPS increased for free every quarter.
Any security issued/increased for free, is debited from the shareholders' pockets, because in this world there is nothing "for free".
In the absence of Additional Paid-In Capital account (exhausted), it's debited from the Retained Earnings account.
So, these SPS wipe out the retained earnings of the quarter.
The NW increase is, therefore, SPS. That's called NWS 2.0.
Hello?