What changed in this filing

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Item 2. Unregistered Sales of Equity Securities

2021-05-14 compared with 2020-11-23 · 19 added, 15 removed, 24 unchanged (59% of the section changed)

Sales of Equity Securities and Use of Proceeds.

the three-months ended September 30, 2020, the Company:

issued 4,823,768 shares of Rule 144 restricted Common Stock at an average

of $0.02 per share related to the conversion of a portion of a convertible note payable.

the three-months ended June 30, 2020, the Company:

issued 904,711 shares of Rule 144 restricted Common Stock, including 375,000

shares issued in a private placement to an accredited investor at $0.04 per share, and 529,711 shares at an average of $0.06 per

share for the settlement of legal expenses which were previously accrued pursuant to agreements with two prior law firms.

the three-month period ended March 31, 2020, we issued a total of 13,824,607 shares of the Company’s common stock, including

2,317,997 shares of restricted common stock to Director Kevin Jones for costs related to Promissory Notes the Company executed

in 2018 and 2019;

3,906,610 shares related to the conversion of a loan, 7,000,000 shares related to employment agreements and

600,000 through a private sale to an accredited investor.

Unregistered Sales of Equity Securities and Use of Proceeds.

the three-month period ended March 31, 2021, we issued a total of 1,200,000 through a private sale to an accredited investor.

unregistered securities were issued in reliance upon an exemption from registration pursuant to Section 4(a)(2) of the Securities

22 unchanged sentences

of Equity Securities by the Issuer and Affiliated Purchasers

Upon Senior Securities.

Safety Disclosures.

Defaults Upon Senior Securities.

December 20, 2017, the Company issued a convertible promissory note for $166,667, fully payable by December 20, 2019.

is in default for breach of payment.

By its terms, the cash interest payable increased to 18% per annum on December 20, 2018 and

continues at such rate until the default is cured or is paid at term.

See Note 6 –

Notes Payable and Convertible Notes

September 26, 2019, the Company entered into a Settlement Agreement with Southwest Capital Funding Ltd.,as part of the consideration

for an agreed stipulated judgement, we agreed to provide Southwest a Promissory Note in the amount of $525,000, providing for

a three-year term, at 7.7% simple interest only, payable semi-annually, with interest due calculated on a 365-day year, default

interest at 18%, with the principal amount due at maturity.

Since the note was issued, two semiannual payments of interest have

The Company is in default of its semiannual interest payment due on February 15, 2021, and thus has classified the

note as a current liability.

See Note 6 –

Notes Payable and Convertible Notes Payable.

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