Unregistered Sales of Equity Securities and Use of Proceeds.
−Removed: were no unregistered sales of the Company’s equity securities during the quarter ended March 31, 2020 that were not previously
−Removed: disclosed in a Current Report on Form 8-K or Annual Report on Form 10-K.
+Added: July 1, 2020 through September 28, 2020, the Company issued an aggregate of 442,031,352 shares of its common stock at an average
+Added: contractual conversion price of $0.00096, ranging from $0.00056 to $0.0020, as a result of the conversion of principal of $391,935,
+Added: interest of $25,735 and conversion fees $6,750 underlying certain outstanding convertible notes converted during such period.
+Added: the three months ended September 30, 2020, we received aggregate gross proceeds of $201,044 from the exercise of 10,445,482 prefunded
+Added: warrants and 5,000,000 Series B Warrants.
+Added: as otherwise noted, the securities in the transactions describe above were sold in reliance on the exemption from registration
+Added: provided in Section 4(a)(2) of the Securities Act for transactions not involving any public offering.
+Added: Each of the persons acquiring
+Added: the foregoing securities was an accredited investor (as defined in Rule 501(a) of Regulation D) and confirmed the foregoing and
+Added: acknowledged, in writing, that the securities must be acquired and held for investment.
+Added: All certificates evidencing the shares
+Added: sold bore a restrictive legend.
+Added: No underwriter participated in the offer and sale of these securities, and no commission or other
+Added: remuneration was paid or given directly or indirectly in connection therewith.
+Added: The proceeds from these sales were used for general
+Added: corporate purposes.
Defaults Upon Senior Securities.
−Removed: of March 31, 2020, we were in default under certain convertible promissory note issued to certain noteholder on August 10, 2017
−Removed: for failure to pay an aggregate of $8,500 of principal and accrued interest as of March 31, 2020, subsequent to their maturity
−Removed: In April 2020, note holder of certain convertible promissory notes issued on August 29, 2018, October 2, 2018, November
−Removed: 30, 2018, and December 24, 2018, agreed to waive the 24% default interest on such convertible notes.
−Removed: We are currently in discussions
−Removed: with such noteholders to extend such maturity dates.
+Added: of September 30, 2020, we were in default under certain convertible promissory note issued to certain noteholder on August 10,
+Added: 2017 for failure to pay an aggregate of $8,500 of principal and accrued interest as of September 30, 2020, subsequent to their
+Added: maturity dates.
+Added: In October 2020, note holder of certain convertible promissory notes issued on August 30, 2019, agreed to waive
+Added: the 24% default interest on such convertible notes.
+Added: We are currently in discussions with such noteholders to extend such maturity
See Note 6 –
−Removed: Convertible Notes to our unaudited condensed consolidated
−Removed: financial statements in Part I of this Quarterly Report for additional information.
+Added: Convertible Notes to our unaudited condensed consolidated financial statements in Part I of this Quarterly
+Added: Report for additional information.
Mine Safety Disclosures.
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.