Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY
SECURITIES AND USE OF PROCEEDS
During the three months ended March 31, 2022, we issued 550,000 shares of common
stock in exchange for services, 2,300,000 shares pursuant to our public offering to increase working capital, and 223,596 shares were
issued on convertible instruments. For the three-month-ended June 30, 2022 we issued 500,000 shares in exchange for service provided that
were valued at a fair market value stock price based on the agreement date and 100,000 shares for cash. During the three-months ended
September 30, 2022 we issued 2,000,000 shares pursuant to our public offering to support inventory increases. The Company also issued
380,959 shares in settlement of litigation. We recognized share-based compensation and warrant expense for the nine-months ended September
30, 2022 of $6,717,504 which is classified within non-cash compensation on our Condensed Consolidated Statements of Operations.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4. MINE SAFETY DISCLOSURES
No disclosure required.
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