Item 2. Unregistered Sales of Equity Securities
ITEM
2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities.
During
the three months ended September 30, 2023, the Company issued an aggregate of 103,843 shares of common stock with an issuance date fair
value of $128 as compensation to employees and its former Chief Executive Officer.
During
the three months ended September 30, 2023, the Company received 27,681 shares of common stock with a value of $197 which were surrendered
by the recipients for payroll tax purposes. These shares were surrendered and cancelled as of September 30, 2023.
During
the three months ended September 30, 2023, the Company issued an aggregate of 370,899 shares of common stock with an issuance date fair
value of $2,600 in satisfaction of accrued issuable equity to its former Chief Executive Officer.
During
the three months ended September 30, 2023 in consideration of the agreement by the Stockholders to enter into the Amendment, the Company
agreed to issue 158,372 shares of its common stock with a fair value of $1,000.
ITEM
3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM
4. MINE SAFETY DISCLOSURES.
Not
applicable.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.