Unregistered Sales of Equity Securities and Use Of Proceeds
−Removed: the three months ended June 30, 2020, there were no issuances of equity securities during the period covered by this Report that were
−Removed: not registered under the Securities Act and were not previously reported in a Current Report on Form 8-K filed by the Company.
+Added: the three months ended March 31, 2021, we issued the following securities in transactions not involving any public offering.
+Added: of the following transactions, we relied upon Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”),
+Added: as transactions by an issuer not involving any public offering or Section 1145 of the Bankruptcy Code as a security exchanged by an issuer
+Added: for a claim against the issuer in a bankruptcy plan of reorganization.
+Added: For each such transaction, we did not use general solicitation
+Added: or advertising to market the securities, the securities were offered to a limited number of persons, the investors had access to information
+Added: regarding us (including information contained in our Annual Report on Form 10-K for the year ended December 31, 2019, Quarterly Report
+Added: on Form 10-Q for the period ended March 31, 2020 and Current Reports on Form 8-K filed with the Securities and Exchange Commission, press
+Added: releases made by us and information contained in filings with the bankruptcy court), and we were available to answer questions by prospective
+Added: We reasonably believe that each of the investors is an accredited investor.
+Added: Consideration (1)
+Added: $ 119,548 (3)
+Added: $ 1,863,940 (4)
+Added: $ 1,811,376 (4)
+Added: value of the non-cash consideration was estimated to be the fair value of our restricted common stock.
+Added: Since our shares are thinly
+Added: traded in the open market, the fair value of our equity instruments was estimated by management based on observations of the cash
+Added: sale prices of both restricted shares and freely tradeable shares.
+Added: upon conversion of unsecured convertible notes.
+Added: on a cashless net exercise basis pursuant to the exercise of warrants.
Defaults upon Senior Securities
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