Unregistered Sales of Equity Securities and Use of Proceeds.
−Removed: January 1, 2022 through March 31, 2022, the Company issued an aggregate of 2,341,733 shares of its common stock at an contractual conversion
−Removed: price of $0.01 as a result of the conversion of principal of $177,750, accrued interest of $8,218 and default penalty interest of $4,000
−Removed: underlying certain outstanding convertible notes converted during such period.
−Removed: January 20, 2022, the Company issued 666,667 shares of the Company’s common stock for legal services rendered in January 2022.
−Removed: The 666,667 shares of common stock were valued at approximately $0.03 per share or $20,000, being the average closing prices of the stock
−Removed: for the month of January 2022, the date of grant.
−Removed: January 24, 2022, the Company issued 2,274,224 shares of the Company’s common stock to a consultant for services rendered from
−Removed: October 2021 to December 2021.
−Removed: The Company issued 2,274,224 shares of the Company’s common stock valued at approximately $0.02
−Removed: per share or $45,030, being the closing price of the stock on the date of grant to such consultant.
−Removed: February 17, 2022, the Board approved the issuance of 1,148,326 shares of the Company’s common stock to a consultant for services
−Removed: rendered upon the termination of the consulting agreement.
−Removed: The Company valued the shares at approximately $0.02 per share or $24,000
−Removed: being the closing price of the stock on the date of grant to such consultant.
−Removed: The shares were issued on April 7, 2022.
+Added: July 13, 2022, the Company issued 14,336,712 shares of its common stock at an average price per share of approximately $0.002, as a result
+Added: of delivering one draw down notice to the Investor.
+Added: Consequently, the Company received gross aggregate proceeds of $24,711 from such
+Added: draw down notice.
+Added: of June 30, 2022, there was common stock issuable of 7,326,007 from the conversion of debt during fiscal 2022.
+Added: The common stock issuable
+Added: of 7,326,007 were issued on July 12, 2022.
+Added: July 1, 2022 through September 14, 2022, the Company issued an aggregate of 264,492,661 shares of its common stock at an average contractual
+Added: conversion price of $0.001 as a result of the conversion of principal of $327,200, and accrued interest of $22,330 underlying certain
+Added: outstanding convertible notes converted during such period.
+Added: The total recorded to equity was $456,939.
+Added: of June 30, 2022, there was common stock issuable of 12,270,958 for services rendered during fiscal 2022.
+Added: The common stock issuable of
+Added: 12,270,958 were issued on July 1, 2022.
as otherwise noted, the securities in the transactions describe above were sold in reliance on the exemption from registration provided
in Section 4(a)(2) of the Securities Act for transactions not involving any public offering.
−Removed: All certificates evidencing the shares
−Removed: sold bore a restrictive legend.
+Added: All certificates evidencing the shares sold
+Added: bore a restrictive legend.
No underwriter participated in the offer and sale of these securities, and no commission or other remuneration
2 unchanged sentences
Defaults Upon Senior Securities.
−Removed: of March 31, 2022, we were in default under certain convertible promissory note issued to certain noteholders on August 10, 2017 and
−Removed: October 3, 2019 for failure to pay an aggregate of $145,280 and $38,074 of principal and accrued interest, respectively, as of March
−Removed: 31, 2022, subsequent to their maturity dates.
−Removed: We are currently in discussions with such noteholders to extend such maturity dates.
−Removed: “Note 6 – Convertible Notes” to our unaudited condensed consolidated financial statements in Part I of this Quarterly
−Removed: Report for additional information.
+Added: of September 30, 2022, we were in default under certain convertible promissory note issued to certain noteholder on October 3, 2019 for
+Added: failure to pay an aggregate of $65,280 and $28,398 of principal and accrued interest, respectively, as of September 30, 2022, subsequent
+Added: to their maturity date.
+Added: We are currently in discussions with such noteholder to extend such maturity date.
+Added: See “Note 6 –
+Added: Convertible Notes” to our unaudited condensed consolidated financial statements in Part I of this Quarterly Report for additional
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.