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Item 5. Market for Registrant’s Common Equity

2021-09-29 compared with 2020-09-22 · 92 added, 83 removed, 9 unchanged (95% of the section changed)

MARKET FOR REGISTRANT'S COMMON

EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.

MARKET FOR REGISTRANT'S COMMON EQUITY,

RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.

(a) Market Information

common stock is quoted on the Over-The-Counter Electronic Bulletin Board under the symbol "BNET."

The following

quotations reflect inter dealer prices, without retail mark up, markdown or commissions and may not represent actual transactions.

Year Ended June 30,

Fiscal Quarter

The number of holders of record of our

common stock at September 1, 2020 was approximately 1,000.

Many of our shares of common stock are held by brokers and other institutions

on behalf of stockholders, so we are unable to estimate the number of stockholders represented by these record holders.

The transfer agent for our common stock

is Equiniti, 3200 Cherry Creek Drive South, Suite 430, Denver, Colorado 80209.

Our common stock is quoted on the Over-The-Counter

Electronic Bulletin Board under the symbol "BNET."

The following quotations reflect inter dealer prices, without

retail mark up, markdown or commissions and may not represent actual transactions.

Fiscal Year Ended June 30,

First Fiscal Quarter

Second Fiscal Quarter

Third Fiscal Quarter

Fourth Fiscal Quarter

The number of holders of record of our common

stock at September 1, 2021 was approximately 1,400.

Many of our shares of common stock are held by brokers and other institutions on behalf

of stockholders, so we are unable to estimate the number of stockholders represented by these record holders.

The transfer agent for our common stock is Equiniti,

3200 Cherry Creek Drive South, Suite 430, Denver, Colorado 80209.

We have never paid any cash dividends on

our common stock.

Our board of directors does not intend to declare any cash dividends in the foreseeable future, but instead intends

to retain earnings, if any, for use in our business operations.

The payment of dividends, if any, in the future is within the discretion

of the board of directors and will depend on our future earnings, if any, our capital requirements and financial condition, and

other relevant factors.

During each of fiscal year 2020 and 2019

the Company paid an aggregate dividend of $0 and $0, respectively, on shares of Series B Preferred Stock and Series C Preferred

Stock which were outstanding during the year.

A dividend of $2,000 was accrued on Series B Preferred Stock during each of the 2020

and 2019 fiscal years.

(d) Securities Authorized for

Issuance Under Equity Compensation Plans

We have never paid any cash dividends on our common

Our board of directors does not intend to declare any cash dividends in the foreseeable future, but instead intends to retain earnings,

if any, for use in our business operations.

The payment of dividends, if any, in the future is within the discretion of the board of directors

and will depend on our future earnings, if any, our capital requirements and financial condition, and other relevant factors.

During each of fiscal year 2021 and 2020 the Company

paid an aggregate dividend of $0 and $0, respectively, on shares of Series B Preferred Stock and Series C Preferred Stock which were outstanding

during the year.

A dividend of $2,000 was accrued on Series B Preferred Stock during each of the 2021 and 2020 fiscal years.

(d) Securities Authorized for Issuance

Under Equity Compensation Plans

In June 2006 the Company adopted its 2006 Consolidated

Incentive Plan, as amended ("Plan"), which terminated all prior plans and merged them into the Plan.

ratified by the Company's shareholders in October 2006 (and has been amended multiple times since initial ratification).

Under the Plan, Directors may grant Shares, Options, Stand Alone Stock Appreciation Rights ("SAR's"), shares of Restricted

Stock, shares of Phantom Stock and Stock Bonuses and other items with respect to a number of Common Shares that in the aggregate

does not exceed 36,000,000 shares.

The maximum number of Common Shares for which Incentive Awards, including Incentive Stock Options,

may be granted to any one Participant shall not exceed 2,000,000 shares in any one calendar year;

and the total of all cash payments

to any one participant pursuant to the Plan in any calendar year shall not exceed $1,500,000.

As of August 31, 2020, 9,511,600

options have been granted and are outstanding under the Plan (as amended), including all options granted under prior merged plans,

and options granted from July 1, 2020 through September 1, 2020, all of which options are vested as of September 1, 2020.

of June 30, 2019 and June 30, 2020, the Company had no outstanding contingent Stock Bonuses.

The Plan was ratified

by the Company's shareholders in October 2006 (and has been amended multiple times since initial ratification).

Under the Plan,

Directors may grant Shares, Options, Stand Alone Stock Appreciation Rights ("SAR's"), shares of Restricted Stock, shares of

Phantom Stock and Stock Bonuses and other items with respect to a number of Common Shares that in the aggregate does not exceed 36,000,000

The maximum number of Common Shares for which Incentive Awards, including Incentive Stock Options, may be granted to any one Participant

shall not exceed 2,000,000 shares in any one calendar year;

and the total of all cash payments to any one participant pursuant to the

Plan in any calendar year shall not exceed $1,500,000.

As of August 1, 2021, 10,471,600 options have been granted and are outstanding

under the Plan (as amended), including all options granted under prior merged plans, and options granted from July 1, 2021 through August

1, 2021, all of which options are vested as of August 1, 2021.

As of June 30, 2021 and June 30, 2020, the Company had no outstanding

contingent Stock Bonuses.

Equity Compensation Plan Information

1 unchanged sentence

price information about the Company’s equity compensation plans as of June 30, 2021:

of securities

issued upon exercise of

outstanding options,

warrants and rights

Weighted-average

exercise price of

outstanding options,

warrants and rights

of securities

remaining available

for future issuance

compensation plans

compensation plans approved by security holders

compensation plans not approved by security holders

Equity compensation Plan table

Plan category

Number of securities to be issued upon the exercise

of outstanding options, warrants

Weighted average exercise price of outstanding options, warrants and rights

Number of Securities remaining available for future issuance under equity compensation plans

Equity compensation plans

approved by security holders

Equity compensation plans not

approved by security holders

(e) Recent Sales of Unregistered Securities

During the year ended June 30, 2020, the Company

sold 3,168,001 shares of its unregistered common stock (not including 29,000 shares issued to entities for services and 143,316

shares issued upon conversion of debt).

During the year ended June 30, 2020, the Company sold 18,000 units at

$0.50 per unit and received gross proceeds of $9,000 and net proceeds of $8,100;

each unit consisting of one share

of the Company’s restricted common stock and one half warrant to purchase half a share of the Company’s restricted

common stock at $0.75 until December 31, 2020.

During the year ended June 30, 2020, the Company also sold 2,000,001

units at $0.50 per unit, and received gross proceeds of $1,000,000 and net proceeds of $910,500 with each unit consisting of one

share of the Company’s restricted common stock and one warrant to purchase one share of the Company’s restricted common

stock at $0.75 per share until December 31, 2020.

In addition, the Company also sold 1,150,000 units at $0.50 per unit and

received gross proceeds of $575,000 and net proceeds of $517,500 with each unit consisting of one share of the Company’s

restricted common stock and one warrant to purchase one share of the Company’s restricted common stock at $0.75 until December

During the year ended June 30, 2020, Mark Smith elected to convert a loan payable, accrued

expenses and interest of $15,000, $52,830 and $3,828 respectively, into an aggregate 143,316 units at $0.50 per unit, pursuant

to the 2006 Consolidated Incentive Plan with each unit consisting of one share of the common stock and one warrant to purchase

one share of the Company’s stock for $0.75 per share until December 31, 2024.

During the year ended June 30, 2019, the Company

sold 1,793,606 shares of its unregistered common stock (not including the issuance of 18,162 shares to an employee pursuant to

its 2006 Consolidated Incentive Plan, 116,000 shares issued to entities for services and 200,000 shares issued upon conversion

During the year ended June 30, 2019, the Company sold 1,793,606 unregistered shares at $0.50 per share and received gross

proceeds of $896,801 and net proceeds of $832,921 including units consisting of one share of the Company’s restricted common

stock and one warrant to purchase half of a share of the Company’s restricted common stock at $0.75 per share with expiry

dates ranging from June 30, 2019 through December 31, 2020.

The Company also issued 1,028 shares of common stock as commissions.

During the year ended June 30, 2021, the Company entered

into subscription agreements, under three different offerings, to sell units for $0.50 per unit, with each unit consisting of one share

of the Company’s restricted common stock and one warrant to purchase one share of the Company’s restricted common stock for

$0.75 per share with an expiry date of December 31, 2021 and pursuant thereto, the Company issued 3,720,000 units for total proceeds of

$1,860,000, net proceeds of $1,699,000 after commissions of $161,000.

During the year ended June 30, 2021 300,000 shares

of the Company’s restricted company stock were sold to an investor for $300,000.

During the year ended June 30, 2021, 129,364 shares

of its unregistered common stock were issued as commission.

During the year ended June 30, 2021, the company issued 1,186,824

units to various employees/consultants upon the conversion of debt pursuant to the 2006 Consolidated Incentive Plan with each unit

consisting of one share of the common stock and one warrant to purchase one share of the Company’s stock for $0.75 per share until

June 30, 2023.

During the year ended June 30, 2021, Mark Smith elected

to convert deferred compensation, accrued interest and accounts payable of $124,698, $3342 and $52,360 respectively into an aggregate

of 360,805 units at $0.50 per unit, pursuant to the 2006 Consolidated Incentive Plan with each unit consisting of one share of the common

stock and one warrant to purchase one share of the Company’s stock for $0.75 per share until December 31, 2024.

During the year ended June 30, 2021, the Company issued

144,000 units to Mr.

Smith for salary of $72,000, pursuant to the 2006 Consolidated Incentive Plan with each unit consisting of one share

of the common stock and one warrant to purchase one share of the Company’s stock for $0.75 per share until December 31, 2024.

During the year ended June 30, 2021, 4,065,988 warrants

were exercised to purchase 4,065,988 shares of the Company’s common stock at $0.75 per share for total proceeds of $3,049,491.

During the year ended June 30, 2020, the Company sold

3,168,001 shares of its unregistered common stock (not including 29,000 shares issued to entities for services and 143,316 shares issued

upon conversion of debt).

During the year ended June 30, 2020, the Company sold 18,000 units at $0.50 per unit

and received gross proceeds of $9,000 and net proceeds of $8,100;

each unit consisting of one share of the Company’s restricted

common stock and one half warrant to purchase half a share of the Company’s restricted common stock at $0.75 until December

During the year ended June 30, 2020, the Company also sold 2,000,001 units at $0.50 per unit, and received

gross proceeds of $1,000,000 and net proceeds of $910,500 with each unit consisting of one share of the Company’s restricted common

stock and one warrant to purchase one share of the Company’s restricted common stock at $0.75 per share until December 31, 2020.

In addition, the Company also sold 1,150,000 units at $0.50 per unit and received gross proceeds of $575,000 and net proceeds of $517,500

with each unit consisting of one share of the Company’s restricted common stock and one warrant to purchase one share of the Company’s

restricted common stock at $0.75 until December 31, 2021.

During the year ended June 30, 2020, Mark Smith

elected to convert a loan payable, accrued expenses and interest of $15,000, $52,830 and $3,828 respectively, into an aggregate 143,316

units at $0.50 per unit, pursuant to the 2006 Consolidated Incentive Plan with each unit consisting of one share of the common stock and

one warrant to purchase one share of the Company’s stock for $0.75 per share until December 31, 2024.

SELECTED FINANCIAL DATA.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity