Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds.
During the three months ended
March 31, 2022, we issued securities that were not registered under the Securities Act and were not previously disclosed in a Current
Report on Form 8-K or Quarterly Report on Form 10-Q as listed below. All of the securities discussed in this Item
2 were issued in reliance on the exemption under Section 4(a)(2) of the Securities Act.
Consultant Shares
During the three months ended March 31, 2022, the Company issued 113,420
shares of Common Stock to consultants and employees.
Debt Conversion
During the three months
ended March 31, 2022, a lender converted $168,850 in promissory notes into 109,435 shares of Common Stock.
Item 3. Defaults Upon Senior Securities.
There has
been no default in the payment of principal, interest, sinking or purchase fund installment, or any other material default, with respect
to any indebtedness of the Company.
Item 4. Mine Safety Disclosures.
Not applicable.
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