Item 2. Unregistered Sales of Equity Securities
ITEM
2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
The
following disclosures set forth certain information with respect to all securities sold by the Company during the three months ended
June 30, 2022 without registration under the Securities Act:
During
the three months ended June 30, 2022, the Company issued an aggregate of 90,400 shares of common stock related to the exercise of stock
options for gross proceeds of $90,400.
The
above transactions did not involve any underwriters, underwriting discounts or commissions, or any public offering. The Company relied
upon the exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”) by
virtue of Section 4(a)(2) thereof and/or Regulation D promulgated by the SEC under the Act.
ITEM
3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM
4. MINE SAFETY DISCLOSURES
Not
Applicable.
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