Item 2. Unregistered Sales of Equity Securities
Item
2. Unregistered Sales of Equity Securities and Use of Proceeds.
During
the period between February 1, 2022 and December 12, 2022, the Company issued the following shares which were not registered:
Common
Stock
The
Company issued 566,064 shares of common stock to seven holders. Of these issuances, 501,972 shares were issued in connection with an
acquisition and the remaining 64,093 shares were issued upon the exercise of certain stock options and pursuant to employment agreements.
Series
B Preferred Stock
The
Company issued 54,600 shares of series B Preferred Stock for gross proceeds of $1,360,000.
The
proceeds of these sales will be utilized for general working capital and acquisitions.
Item
3. Defaults upon Senior Securities.
There
has been no default in payment of principal, interest, sinking or purchase fund installment, or any other material default, with respect
to any indebtedness of the Company.
Item
4. Mine Safety Disclosures.
Not
applicable.
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