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 currently quoted on the OTC
Markets, which is sponsored by OTC Markets Group, Inc. The OTC Markets is a network of security dealers who buy and sell stock. The dealers
are connected by a computer network that provides information on current “bids” and “asks,” as well as volume
information. Our shares are quoted on the OTC Markets under the symbol “DPLS.”
The table below sets forth for the periods indicated
the quarterly high and low bid prices as reported by OTC Markets. Limited trading volume has occurred during these periods. These quotations
reflect inter-dealer prices, without retail mark-up, mark-down, or commission and may not necessarily represent actual transactions.
2024
High
Low
First Quarter
$
0.0130
$
0.0008
Second Quarter
$
0.0053
$
0.0008
2023
High
Low
First Quarter
$
0.0108
$
0.0032
Second Quarter
$
0.0120
$
0.0030
Third Quarter
$
0.0054
$
0.0014
Fourth Quarter
$
0.0022
$
0.0008
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
Our common stock is considered to be penny stock
under rules promulgated by the SEC. Under these rules, broker-dealers participating in transactions in these securities must first deliver
a risk disclosure document which describes risks associated with these stocks, broker-dealers’ duties, customers’ rights and
remedies, market and other information, and make suitability determinations approving the customers for these stock transactions based
on financial situation, investment experience and objectives. Broker-dealers must also disclose these restrictions in writing, provide
monthly account statements to customers, and obtain specific written consent of each customer. With these restrictions, the likely effect
of designation as a penny stock is to decrease the willingness of broker-dealers to make a market for the stock, to decrease the liquidity
of the stock and increase the transaction cost of sales and purchases of these stocks compared to other securities.
The number of shareholders of record of the Company's
common stock as of April 16, 2024 was approximately 954. 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.
37
Equity Compensation Plan Information
As of December 31, 2023, there were no securities
authorized for issuance under equity compensation plans.
Issuer Purchases of Equity Securities
During the quarter ended
December 31, 2023, there were no purchases made by or on behalf of the issuer or any “affiliated purchaser,” as defined in
§ 240.10b-18(a)(3) of Regulation S-K of shares or other units of any class of our equity securities that are registered by us pursuant
to section 12 of the Exchange Act.
ITEM 6. [RESERVED]