Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered
Sales of Equity Securities and Use of Proceeds.
The following information
represents securities sold by the Company during the period covered by this Quarterly Report, and the subsequent period, which were not
registered under the Securities Act. Included are sales of reacquired securities, as well as new issues, securities issued in exchange
for property, services, or other securities, and new securities resulting from the modification of outstanding securities.
● On August 23, 2022, the Company issued fifty thousand (50,000)
shares of its Series A Preferred Convertible Stock in exchange for $50,000 of net proceeds from Adam Lipson, who is one of our Directors.
The issuance was exempt under Section 4(a)(2) of the Securities Act.
Item 3. Defaults Upon
Senior Securities.
None.
Item 4. Mine Safety
Disclosures.
None.
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.