Item 2. Unregistered Sales of Equity Securities
Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds
On November 6, 2023, Mast Hill converted $42,710
together with $5,580 interest, and $1,750 for fees totaling $50,040 into 695,000 shares of common stock at a conversion price of $0.072
per share.
On November 29, 2023, Mast Hill converted $43,975
together with $4,315 interest and $1,750 for fees totaling $50,040 into 695,000 shares of common stock at a conversion price of $0.072
per share.
On December 22, 2023, Mast Hill converted $46,833
together with $1,457 interest and $1,750 for fees totaling $50,040 into 695,000 shares of common stock at a conversion price of $0.072
per share.
On January 18, 2024, Mast Hill converted $44,266
together with $4,024 interest and $1,750 for fees totaling $50,040 into 695,000 shares of common stock at a conversion price of $0.072
per share.
On December 29, 2023, two accredited investors
provided notice to convert their NPA. On January 26, 2024, we converted $500,000 principal plus accrued interest of $28,767 for a total
of $528,767 into 7,343,989 shares of common stock at $0.072 per share.
On December 29, 2023, we granted directors, officers,
employees, and non-employee consultants 2,750,000 stock options at $0.10 per share.
On January 16, 2024, we granted certain employees
and non-employee consultants 775,000 stock options at $0.078 per share.
On March 14, 2024, Mast Hill exercised a cashless
warrant for 1,926,713 common stock shares at an exercise price of $0.072 per share.
In issuing these shares, we relied on an exemption
from the registration requirements of the Securities Act of 1933 provided by Section 4(a)(2) of the Securities Act of 1933.
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.