What changed in this filing

/stocks — the workspaceLOADING

Item 2. Unregistered Sales of Equity Securities

2025-11-14 compared with 2025-08-14 · 22 added, 29 removed, 11 unchanged (82% of the section changed)

Unregistered Sales of Equity Securities and Use of Proceeds

the three months ended June 30, 2025, the Company issued 2,982 shares of its Series A Preferred as dividends pursuant to the terms of

the Series A Certificate of Designation.

the three months ended June 30 , 2025, the Company issued 1,980 shares

of common stock with a fair market value of $ 10,098 for services rendered and to be rendered

to the Company, which such issuance was made in reliance on an exemption from registration provided by Section 4(a)(2) of the Securities

Act of 1933, as amended, and Regulation D promulgated thereunder for transactions not involving a public offering.

the three months ended June 30 , 2025 , the Company issued 183,750 shares of common stock

upon the conversion of 14,700 shares of Series B Preferred at a conversion price of $4.00 per share.

the three months ended June 30 , 2025 , the Company issued 176 shares of common stock with

a value of $1,249 as a dividend for the Series B Preferred, pursuant to the terms of the Series B Certificate of Designation.

Sales of Equity Securities

July 17, 2025, the Company issued 12,500 shares of common stock upon the conversion of 1,000 shares of Series B Preferred at a conversion

price of $4.00 per share.

August 6, 2025, the Company issued 49,332 shares of common stock upon the conversion of 3,289 shares of Series A Preferred at a conversion

price of $3.00 per share.

September 15, 2025, the Company issued 3,085 shares of its Series A Preferred as dividends pursuant to the terms of the Series A Certificate

of Designation.

the three months ended September 30, 2025, the Company issued 8,906 shares of common stock upon the cashless exercise of 15,000 options.

the three months ended September 30 , 2025, the Company issued 7,500 shares

of common stock for services rendered and to be rendered to the Company.

foregoing issuances were exempt from registration under Section 4(a)(2) of the Securities Act.

Repurchase Program

Average price

following table provides information about the Company’s purchases of equity securities during the quarter ended September 30,

paid per share

of shares (or units)

part of publicly

announced plans

Maximum number

or programs (1)

(or approximate

dollar value) of

shares (or units)

that may yet be

1 unchanged sentence

plans or programs

January 1, 2025, to January 31, 2025

February 1, 2025, to February 28, 2025

March 1, 2025, to March 31, 2025

April 1, 2025, to April 30, 2025

May 1, 2025, to May 31, 2025

June 1, 2025, to June 30, 2025

March 7, 2025, the Board of Directors approved a share repurchase program authorizing the Company to purchase up to an aggregate of $1

million of the Company’s common stock through December 31, 2025.

The share repurchase program is in accordance with Rule 10b-18

of the Exchange Act.

Subject to applicable rules and regulations, the shares may be purchased from time to time in the open market or

in privately negotiated transactions.

Such purchases will be at times and in amounts as the Company deems appropriate, based on factors

such as market conditions, legal requirements and other business considerations.

July 1 to July 31, 2025

August 1 to August 31, 2025

September 1 to September

On September 23, 2025, the Company’s board of directors authorized a share repurchase program, pursuant to which the Company may

repurchase up to $10 million of its shares of common stock through December 31, 2026 (the “September Buyback Program”).

share repurchase program is in addition to the share repurchase program approved by the Company’s board of directors on February

26, 2025, which authorized the Company to repurchase up to $1 million of its shares of common stock and was completed on September 19, 2025.

Approximately $8.7 million remains authorized

for repurchase under the September Buyback Program.

Defaults upon Senior Securities

Mine Safety Disclosures

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 2. Unregistered Sales of Equity Securities