Item 2. Unregistered Sales of Equity Securities
Item
2. Unregistered Sales of Equity Securities and Use of Proceeds
During
the three months ended June 30, 2022, the Company issued (i) 2,717 shares of common stock associated with previously issued subscriptions
on common stock with a fair value of approximately $2,000, and (ii) 234,961 shares of common stock upon the cashless exercise of a warrant
exercised for an aggregate of 750,000 shares of common stock.
The
issuance of the shares of common stock described above were deemed to be exempt from registration under the Securities Act of 1933, as
amended (the “Securities Act”), in reliance upon Sections 4(a)(2) and/or 4(a)(5) of the Securities Act. A legend restricting
the sale, transfer, or other disposition of these securities other than in compliance with the Securities Act was placed on the securities
issued in the foregoing transactions in accordance with the Securities Act.
Item
3. Defaults Upon Senior Securities
None.
Item
4. Mine Safety Disclosures
Not
applicable.
38
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