Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds
During the quarter ended June 30, 2025, the Company
sold an aggregate of 81 shares of Series D Convertible Preferred Stock to GHS for gross consideration of $81,000. These sales were exempt
under Rule 506(b) under Regulation D. GHS is an “accredited investor” as defined in Rule 501 under the Securities Act. The
Company did not engage in any general solicitation or advertising in connection with the issuance of the Preferred Stock. Selling commissions
in the amount of $1,620 were paid to J.H. Darbie & Co. pursuant to the Agreement.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.