Item 2. Unregistered Sales of Equity Securities
Item
2. Unregistered Sales of Equity Securities and Use of Proceeds.
Except
as set forth below and other than as disclosed in a Current Report on Form 8-K, there were no unregistered sales of equity securities
by the Company during the three month period ended June 30, 2021.
In
May 2021, we entered into an agreement with a consultant pursuant to which we agreed to issue warrants to purchase an aggregate of 100,000
shares of common stock, 50,000 of which are exercisable at $1.50 per share and 50,000 of which are exercisable at $2.00 per share, in
each case exercisable until December 31, 2022. In addition, in June 2021, we entered into an agreement with a consultant pursuant to
which we agreed to issue warrants to purchase 50,000 shares of common stock at an exercise price of $1.50 per share exercisable until
December 31, 2022. The warrants and the shares underlying the warrants were offered and sold pursuant to an exemption from the registration
requirements under Section 4(a)(2) of the Securities Act since, among other things, the transactions did not involve a public offering.
Item
3. Defaults Upon Senior Securities.
None.
Item
4. Mine Safety Disclosures.
Not
applicable.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.