Item 2. Unregistered Sales of Equity Securities
ITEM
2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
On
July 6, 2021, the Company issued 78,500 shares of common stock, for the exercise of 78,500 warrants, at an exercise price of $5.00, for
cash consideration of $392,500.
On
July 8, 2021, the Company issued 425,000 shares of common stock, for the exercise of 425,000 warrants, at an exercise price of $5.00,
for cash consideration of $2,125,000.
On
July 12, 2021, the Company issued 2,000 shares of common stock, for the exercise of 2,000 warrants, at an exercise price of $5.00, for
cash consideration of $10,000.
On
July 13, 2021, the Company issued 59,853 shares of common stock, for the exercise of 59,853 warrants, at an exercise price of $5.00,
for cash consideration of $299,265.
On
July 14, 2021, the Company issued 278,555 shares of common stock, for the exercise of 278,555 warrants, at an exercise price of $5.00,
for cash consideration of $1,392,775.
On
July 15, 2021, the Company issued 5,000 shares of common stock in connection with the exercise of 5,000 options, for cash consideration
of $5,000.
On
July 19, 2021, the Company issued 1,000 shares of common stock, for the exercise of 1,000 warrants, at an exercise price of $5.00, for
cash consideration of $5,000.
On
July 30, 2021, the Company issued 80,000 shares of common stock, for the exercise of 80,000 warrants, at an exercise price of $5.00,
for cash consideration of $400,000.
On
September 3, 2021, the Company issued 10,000 shares of common stock in connection with restricted stock awards, with a fair market value
of $5.35 per share, from the date of the award.
On
September 14, 2021, the Company issued 40,000 shares of common stock in connection with restricted stock awards, with a fair market value
of $5.35 per share, from the date of the award.
On
September 22, 2021, the Company issued a total of 12,437 common shares for the exercise of 14,200 options through a cashless exercise
using 2,763 options for the $1.00 exercise price and in connection with a 1,000 restricted stock award.
These
shares were issued in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended,
as there was no general solicitation, and the transaction did not involve a public offering.
ITEM
3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM
4. MINE SAFETY DISCLOSURE
Not
applicable.
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