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.
All issuances were exempt under Section 4(a)(2) of the Securities Act unless otherwise noted.
●
On January
5, 2023, in consideration of the payment of $14,000, the Company issued 3,684,211 shares of its Common Stock upon the exercise of
a Warrant.
●
On January
31, 2023, in consideration of the payment of $70,000, the Company issued 18,421,053 shares of its Common Stock upon the exercise
of a Warrant.
●
On January
31, 2023, in consideration of the payment of $70,000, the Company issued 18,421,053 shares of its Common Stock upon the exercise
of a Warrant.
●
On February
28, 2023, the Company closed a transaction with an accredited investor (who is a related party) under which the Company issued a
convertible promissory note in the original amount of $25,000.
●
On February
28, 2023, the Company issued 2,696,127 shares of its Common Stock upon the cashless exercise of a Warrant.
●
On March
24 and 28, 2023, the Company closed transactions with four investors under which the Company issued convertible promissory notes
with an aggregate principal amount of $1,500,000.
● On
March 27, 2023, in consideration of the payment of $35,000, the Company issued 9,210,526
shares of its Common Stock upon the exercise of a Warrant.
●
On April
8, 2023, the Company issued 3,203,661 shares of its Common Stock upon the cashless exercise of a Warrant.
●
On April
30, 2023, the Company issued 717,011 shares of its common stock for a cashless warrant exercise.
●
On May
5, 2023, the Company closed a transaction with an accredited investor under which the Company issued a convertible promissory note
in the original amount of $50,000. The Company received net proceeds of $50,000.
19
Item
3. Defaults Upon Senior Securities.
None.
Item
4. Mine Safety Disclosures.
None.
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