−Removed: UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
−Removed: As previously reported, in August 2019 we issued a $2.6 million principal amount note due December 2020 in exchange for the cancellation of existing indebtedness.
−Removed: On October 9, 2020, we prepaid the December 2020 note through the issuance of 1,377,356 shares of our common stock, pursuant to our election and in accordance with the terms of the December 2020 note.
−Removed: We relied on an exemption from registration provided by Section 3(a)(9) of the Securities Act for the issuance of such shares.
+Added: UNREGISTERED SALES OF EQUI TY SECURITIES AND USE OF PROCEEDS
+Added: As previously reported, in August 2019 we issued the Mann Group convertible note , which is convertible into shares of the Company’s common stock at $2.50 per share.
+Added: In accordance with the terms of the Mann Group convertible note, Mann Group converted (i) $5.0 million of principal into 2,000,000 shares of common stock on January 8, 2021, and (ii) $0.4 million of interest and $4.6 million of principal into an additional 2,000,000 shares of common stock on February 4, 2021.
+Added: See Note 6 – Borrowings .
+Added: We relied on an exemption from registration provided by Section 3(a)(9) of the Securities Act of 1933, as amended, for the issuance of the shares described above.
DEFAULTS UPON SENIOR SECURITIES
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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.