Item 2. Unregistered Sales of Equity Securities
Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds
On July 24, 2021, the Company entered into a six
month consulting agreement for investor relation services. Upon signing the agreement, the Company agreed to pay the consultant 300,000
shares of common stock. On August 13, 2021, 300,000 shares of common stock were issued for services. The shares were valued at $0.18,
the closing price of the Company’s stock on date of issuance.
On September 17, 2021, the Company issued 300,000
common stock warrants to a note holder with a fair value of $7,378. The warrants have an exercise price of $0.50 and expire five years
following issuance. As of September 30, 2021, the balance on the loan, net of unamortized discount of $52,279, was $97,721.
On September 21, 2021, the Company issued
220,000 common stock warrants to a note holder with a fair value of $6,391. The warrants have an exercise price of $0.50 and expire
five years following issuance. As of September 30, 2021, the balance on the loan, net of unamortized discount of $56,207, was
$53,793.
On September 30, 2021, the Company issued 250,000
shares of common stock with a convertible note payable.
Item 3.
Defaults Upon Senior Securities
None
Item 4.
Mine Safety Disclosure
Not Applicable.
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