Unregistered Sales of Equity Securities and Use of Proceeds.
−Removed: the quarter ended September 30, 2021, the company issued the following securities which were
−Removed: not registered under the Securities Act:
−Removed: September 30, 2021, we authorized the issuance of 93,750 shares of our common stock to Neighborhood Fuel.
−Removed: The shares were valued at $375,000.
−Removed: September 30, 2021, we authorized the issuance of 150,000 shares of common stock as accrued bonuses and settlements.
−Removed: The shares were
−Removed: valued at $900,000.
−Removed: September 30, 2021, we authorized the issuance of 53,144 shares of common stock to our Directors.
−Removed: The shares were valued at $200,000.
−Removed: September 30, 2021, we authorized the issuance of 25,000 shares to our legal counsel.
−Removed: The shares were valued at $100,000.
−Removed: the quarter ended September 30, 2021, we authorized the issuance of 57,995 shares to for marketing and promotion.
−Removed: The shares were valued
−Removed: the quarter ended September 30, 2021, we authorized the issuance of 5,979 shares to employees.
−Removed: The shares were valued at $22,500.
−Removed: of the sales were made pursuant to an exemption from registration afforded by Section 4(a)(2) of the Securities Act or Rule 506(b)
−Removed: of Regulation D promulgated thereunder and applicable state securities laws.
+Added: During the period covered
+Added: by this report, we have not sold any equity securities in transactions that were not reported on a Current Report on Form 8-K.
+Added: did not repurchase any of its shares during the quarter ended March 31, 2022.
On September 14, 2021, our Registration Statement, as amended, and originally filed on Form S-1 (file No.
12 unchanged sentences
Upon receipt, the net proceeds from our IPO were held in cash, cash equivalents and short-term investments.
−Removed: As of September 30, 2021, we have used approximately $5.1 million of the net proceeds from the IPO.
+Added: As of March 31, 2022, we have used approximately $11.4 million of the net proceeds from the IPO.
Pending such uses, we plan to continue
3 unchanged sentences
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.