Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S
COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Our common stock is traded on the OTC Markets under
the trading symbol “DPLS.” The Company has 20,000,000,000 authorized common shares.
The following table sets forth the high and low bid
of the Company’s Common Stock for each quarter within the past two completed fiscal and the current year. The information
below was provided by the OTC Markets.
2023
High
Low
First Quarter
$ 0.0108
$ 0.0032
2022
High
Low
First Quarter
$ 0.0890
$ 0.0252
Second Quarter
$ 0.0589
$ 0.0190
Third Quarter
$ 0.0455
$ 0.0189
Fourth Quarter
$ 0.0230
$ 0.0078
2021
High
Low
First Quarter
$ 0.0510
$ 0.0007
Second Quarter
$ 0.0969
$ 0.0106
Third Quarter
$ 0.2020
$ 0.0653
Fourth Quarter
$ 0.1400
$ 0.0511
The number of shareholders of record of the Company's
common stock as of June 22, 2023 was 949. An additional number of stockholders are beneficial holders
of our Common Stock in “street name” through banks, brokers and other financial institutions that are the record holders.
We have not paid any cash dividends to date and
we do not anticipate paying cash dividends in the foreseeable future. It is the present intention of management to utilize any available
funds for the development of our business.
Recent Sales of Unregistered Securities.
On May 27, 2022, we entered into the Equity Financing
Agreement with GHS (the “ 2022 EFA ”), pursuant to which GHS agreed to purchase up to $70,000,000 in shares of our Common
Stock, from time to time over the course of 24 months.
Below is a table of all puts made by the Company under the 2022 EFA
during the quarter ended December 31, 2022:
Date of Put
Number of Shares Sold
Total Proceeds,
Net of Discounts
Effective Price per Share
Net Proceeds
10/14/2022
35,628,020
500,000
$ 0.014034
463,975
11/7/2022
22,022,709
326,235
$ 0.014814
302,373
11/18/2022
39,699,793
325,000
$ 0.008186
301,225
12/2/2022
42,148,416
325,000
$ 0.007711
301,225
12/20/2022
78,705,534
540,000
$ 0.006861
501,175
12/30/2022
63,338,702
400,000
$ 0.006315
370,975
36
The shares issued in reliance
upon the exemption from securities registration afforded by Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D under
the Securities Act, based in part on the representations of the investor. There were $125,911 in sales commissions paid to J.H. Darbie
& Co., Inc. (“ J.H. Darbie ”) pursuant to these transactions.
Equity Compensation Plan Information
As of December 31, 2022, there were no securities
authorized for issuance under equity compensation plans.
Issuer Purchases of Equity Securities
None.
ITEM 6. [RESERVED]