Given a commutative ring , a “formal -module” is a formal group equipped with an action of . There exists a classifying ring of formal -modules. This paper proves structural results about and about the moduli stack of formal -modules. We use these structural results to aid in explicit calculations of flat cohomology groups of , the moduli stack of formal -module -buds. For example, we find that a generator of the group , which also generates (via the Adams-Novikov spectral sequence) the first stable homotopy group of spheres, also yields a generator of the -module $H^1_{fl}(_{fmA}^{2-buds}; \omega)A$. We show that the order of the -modules and are each equal to , where is the leading coefficient in the -local zeta-function of . We also find that the cohomology of is closely connected to the delta-invariant and syzygetic ideals studied in commutative algebra: is the delta-invariant of the largest ideal of which is in the kernel of every ring homomorphism , and consequently vanishes if and only if is a ring in which that ideal is syzygetic.

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