−Removed: MARKET FOR REGISTRANT’S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
−Removed: Our common stock is quoted on the Over-the-Counter Market under the symbol “FWAV”.
−Removed: Prior to May 30, 2019 there was no market for our common stock.
−Removed: The following table summarizes the high and low historical closing prices of our common stock for the periods indicated:
−Removed: Year Ended December 31, 2019
−Removed: Second Quarter $1 .50 $1 .50
−Removed: Third Quarter $1 .50 $1 .01
−Removed: Fourth Quarter $1 .01 $0 .74
−Removed: Fiscal Year Ended December 31, 2020
−Removed: First Quarter $0 .75 $0 .12
−Removed: Second Quarter $0 .50 $0 .12
−Removed: Third Quarter $0 .51 $0 .15
−Removed: Fourth Quarter $0 .29 $0 .14
−Removed: Holders of our common stock are entitled to receive dividends as may be declared by the Board of Directors.
−Removed: The Board of Directors is not restricted from paying any dividends but is not obligated to declare a dividend.
−Removed: No cash dividends have ever been declared and it is not anticipated that cash dividends will ever be paid.
−Removed: As of March 31, 2021 we had 38,764,776 outstanding shares of common stock which were owned by 84 shareholders of record.
−Removed: Our Articles of Incorporation authorize our Board of Directors to issue up to 5,000,000 shares of preferred stock.
−Removed: The provisions in the Articles of Incorporation relating to the preferred stock allow directors to issue preferred stock with multiple votes per share and dividend rights which would have priority over any dividends paid with respect to the holders of common stock.
−Removed: The issuance of preferred stock with these rights may make the removal of management difficult even if the removal would be considered beneficial to shareholders generally and will have the effect of limiting shareholder participation in certain transactions such as mergers or tender offers if these transactions are not favored by our management.
−Removed: As of March 31, 2021, 1,000 preferred shares were outstanding.
−Removed: SELECTED FINANCIAL DATA
−Removed: Not applicable.
+Added: Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
+Added: Our common stock is quoted on the OTCQB Markets,
+Added: under the symbol “FWAV.” As of March 31, 2022, the last reported sale price of our common stock as reported by the
+Added: OTCQB Markets was $0.25 per share.
+Added: As of that date, there were approximately 200 shareholders of record.
+Added: This number does not include
+Added: beneficial owners whose shares are held in the names of various securities brokers, dealers and registered clearing agencies.
+Added: Recent Sales of Unregistered Securities
+Added: In addition to those unregistered securities previously
+Added: disclosed in reports filed with the SEC, we have sold securities without registration under the Securities Act, as described below.
+Added: Name or Class of Investor
+Added: of Securities
+Added: Reason for Issuance
+Added: Two consultants (1)
+Added: December 2021
+Added: 3,000,000 shares of common stock
+Added: Shares issued for consulting services
+Added: (1) Exempt under Section 4(a)(2) of the Securities Act and Regulation 506(b) thereunder.
+Added: The securities were issued to accredited investors
+Added: and there was no general solicitation.
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.