UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
−Removed: January 5, 2022, the Company issued 2,229,950 shares of common stock pursuant to a private placement offering at a per share price of
−Removed: $3.24, resulting in gross proceeds of $7,225,038.
−Removed: Legal and registration fees amounted to $220,000, resulting in net proceeds of $7,005,038.
−Removed: Prior to the private placement close, proceeds of $1,400,000, were received and recorded as a stock subscription payable, for the year
−Removed: ended December 31, 2021.
−Removed: January 21, 2022, the Company issued 10,000 shares of common stock, pursuant to a restricted stock award, “RSA” granted on January
−Removed: 7, 2022 and effective on January 20, 2022.
−Removed: The award is for 20,000 restricted shares of common, which vest in two equal installments,
−Removed: the first on effective date and the remaining on the one year anniversary of the effective date, with a fair market value
−Removed: of $3.48 per share, on the date of issuance.
−Removed: All shares were fully vested and upon issuance resulted in stock-based compensation of $34,800.
−Removed: Shares were issued in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended,
−Removed: as there was no general solicitation, and the transaction did not involve a public offering.
−Removed: February 15, 2022, the Company filed Form S-3, to register 2,269,950 shares of common stock.
−Removed: On March 22, 2022, April 22, 2022, May 25,
−Removed: 2022 and June 14, 2022, the Company filed a Form S-3/A Amendment No.
−Removed: 1, 2, 3 and 4, respectively.
+Added: July 22, 2022, the Company issued 200,000 of restricted common stock to eAperion Partners LLC of which Charles M.
+Added: Fernandez is managing
+Added: partner, pursuant to his employment agreement dated May 28, 2021.
+Added: The Company recorded stock-based compensation in the amount of $805,246.
+Added: August 4, 2022, the Company issued 15,000 restricted shares to Andrew Cohen, pursuant to a restricted stock award which became fully
+Added: vested upon his resignation, see Note 13.
+Added: The award resulted in stock based compensation of $76,950 and was valued as of the date of
+Added: the award on October 8, 2021.
+Added: September 20, 2022, the Company issued 116,000 restricted shares of common stock to eAperion Partners LLC, of which Charles M.
+Added: is managing partner, pursuant to a restricted stock award, “RSA,” under the Company’s 2020 Equity Incentive Plan.
+Added: shares were fully vested upon issuance.
+Added: The shares were valued at the market close of issuance date of $2.52 per share, resulting in
+Added: stock-based compensation of $292,320.
+Added: September 28, 2022, the Company issued 20,000 restricted shares to Douglas Ellenoff, pursuant to such award as granted on August 24,
+Added: 2021, using the fair market value as of date of the award of $5.37 per share, resulting in stock-based compensation of $107,400.
+Added: on September 28, 2022, the Company issued 5,000 restricted shares to Paul Thomson, pursuant to such award as granted on August 24, 2021,
+Added: using the fair market value as of date of the award of $5.37 per share, resulting in stock-based compensation of $26,850.
DEFAULTS UPON SENIOR SECURITIES
MINE SAFETY DISCLOSURES
−Removed: Not applicable.
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.