Item 2. Unregistered Sales of Equity Securities
ITEM 2.
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.
Except as set forth below, we have not sold any
equity securities during the three months ended September 30, 2025 that were not previously disclosed in a current report on Form 8-K
that was filed during the quarter.
· On July 31, 2025, we issued 2,500 shares of common stock to an employee for services rendered.
· On August 27, 2025, we issued 25,749 shares of series Y senior convertible preferred stock as payment
of dividends.
· On September 15, 2025, we issued 29,560 shares of series N senior convertible preferred stock and 10,435
shares of series X senior convertible preferred stock as payment of dividends.
The issuance of these securities was made in reliance
upon an exemption from the registration requirements of Section 5 of the Securities Act.
We did not repurchase any shares of our common
stock during the three months ended September 30, 2025.
ITEM 3.
DEFAULTS UPON SENIOR SECURITIES.
None.
ITEM 4.
MINE SAFETY DISCLOSURES.
Not applicable.
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