Unregistered Sales of Equity Securities and Use of Proceeds.
−Removed: the period between February 1, 2020 and December 10, 2020, the Company had the following transactions in its common stock:
−Removed: May 11, 2020, Spartan Capital Securities, LLC did a cashless exercise of an aggregate of 80,000 warrants to purchase common shares
−Removed: at a price of $1.00 per share.
−Removed: Given a $1.85 per share price at the date of exercise, the exercise netted Spartan 36,757 shares.
−Removed: The Company did not receive any proceeds on the exercise of these warrants.
−Removed: June 2020, two employees exercised a total of 12,000 options at an exercise price of $0.60 for aggregate proceeds of $7,200.
−Removed: the period from May 2020 through December 14, 2020, warrant holders exercised 2,933,398 warrants at $1.00 per share into 2,933,398
−Removed: shares of common stock.
−Removed: The Company received aggregate proceeds of $2,933,398 upon exercise.
−Removed: In addition, during the period from
−Removed: October 2020 through December 14, 2020, warrant holders exercised 618,335 warrants at $1.50 per share into 618,335 shares of common
−Removed: The Company received aggregate proceeds of $927,502 upon exercise.
+Added: the period between February 1, 2021 and April 30, 2021, the Company had the following transactions in its common stock:
+Added: April 28, 2021, five employees exercised a total of 84,000 options at an average exercise price of $0.86 for aggregate proceeds of $19,080
+Added: in exchange for 65,143 shares of the Company’s common stock.
Defaults upon Senior Securities.
−Removed: has been no default in payment of principal, interest, sinking or purchase fund installment, or any other material default, with
−Removed: respect to any indebtedness of the Company.
+Added: has been no default in payment of principal, interest, sinking or purchase fund installment, or any other material default, with respect
+Added: to any indebtedness of the Company.
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.