Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
During the three months ended December 31, 2020, we issued 3,479 shares of common stock as dividends on our outstanding shares of Series B Preferred Stock. In addition, we issued 50,000 stock purchase warrants for services. The warrants have an exercise price of $1.824 per share.
In connection with the foregoing, we relied upon the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended, for transactions not involving a public offering.
Item 3. Defaults Upon Senior Securities.
None.
Item 4. Mine Safety Disclosures.
Not applicable.
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