Item 2. Unregistered Sales of Equity Securities
Item
2. Unregistered Sales of Equity Securities and Use of Proceeds
We
issued the unregistered securities below during the quarter ended June 30, 2020. For each of the issuances of unregistered securities,
we relied on the exemption from registration requirements of the Securities Act of 1933, as amended, available under Section 4(a)(2)
promulgated thereunder due to the fact that such issuances did not involve a public offering of securities.
●
On
April 1, 2020, we issued a warrant to acquire up to 20,000 shares of our common stock at an exercise price of $1.40. the warrant
was issued to a consultant pursuant to our agreement with the consultant. The warrant has a five-year life.
●
On
June 30, 2020, we issued an aggregate of 9,689 shares of our common stock for services rendered pursuant to consulting agreements.
●
In
June 2020, we issued 110,000 shares of stock pursuant to the exercise of warrants at an exercise price of $2.00 to three individuals
and one limited liability company.
35
Item
3. Defaults Upon Senior Securities
None.
Item
4. Mine Safety Disclosures
Not
applicable.
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