What changed in this filing

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Item 1. Legal Proceedings

2020-11-16 compared with 2020-05-15 · 18 added, 26 removed, 15 unchanged (75% of the section changed)

4 unchanged sentences

to be unfounded and is vigorously defending itself.

To that end, on November 20, 2019, the Company filed a motion to dismiss

certain counts of the complaint, with prejudice.

That motion remains pending with the Supreme Court of the State of New York,

County of New York.

Upon resolution of the motion, the Company shall file an answer, together with affirmative defenses and counterclaims.

The counterclaims shall include, without limitation, malpractice claims, arising out of Foley Shechter’s grossly negligent

mishandling of certain transactions and excessive billing related thereto.

Certain amounts related to this claim are included

in accounts payable and accrued expenses in the accompanying Financial Statements.

If our motion to dismiss is granted, our

potential liability would be reduced to $51,031.51 plus interest and attorney’s fees.

Regal Consulting, LLC (“Regal”)

initiated litigation against the Company in Clark County District Court, Nevada.

Regal is demanding approximately $400,000 and

60,000 shares of the Company’s common stock as payment for services that Regal purports to have performed.

The Company filed

an Answer and Counterclaim, denying liability and alleging that Regal procured by fraud the Company’s execution of a July

2019 Consulting Agreement and thereafter failed to provide the consulting services contemplated by said Agreement.

With respect to unpled claims, Regal claims

that $106,500 remains due on a Convertible Note executed by the Company in May of 2017 (the “2017 Note”).

Regal additionally

claims that it is owed $98,000 in penalties in connection with the Company’s refusal to honor certain Conversion Notices.

The Company disputes these allegations and plans to vigorously defend itself should Regal institute litigation.

The Company notes

that the 2017 Note constituted the payment mechanism prescribed by a Consulting Agreement executed contemporaneously therewith.

Regal failed to comply with its obligations under the Consulting Agreement and thereby obviated the Company’s payment obligation

To that end, the Company filed a motion to dismiss certain counts of the complaint,

with prejudice.

That motion remains pending with the Supreme Court of the State of New York, County of New York.

Upon resolution

of the motion, the Company shall file an answer, together with affirmative defenses and counterclaims.

The counterclaims shall

include, without limitation, malpractice claims, arising out of Foley Shechter’s grossly negligent mishandling of certain

transactions and excessive billing related thereto.

Certain amounts related to this claim are included in accounts payable and

accrued expenses in the accompanying Financial Statements.

Consulting, LLC (“Regal”) initiated litigation against the Company in Clark County District Court, Nevada.

entered a default judgment against the Company on December 17, 2019.

However, Regal, through counsel, has agreed to execute a

stipulation to vacate the default and proceed with litigation.

Regal is demanding approximately $400,000 and 60,000 shares of

the Company’s common stock as payment for services that Regal purports to have performed.

The Company intends to vigorously

defend itself against Regal’s unsubstantiated claims and no loss contingency can be estimated at this time.

addition to the above, from time to time, we may be involved in litigation in the ordinary course of business.

9 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.

What changed 10-Q

Item 1. Legal Proceedings