Unregistered Sales of Equity Securities and Use of Proceeds.
−Removed: October 25, 2022, the Company issued 6,111,112 shares of the Company’s Common Stock to a consultant for services rendered in October
−Removed: The Company valued these shares based on quoted trading prices on the date of grant at $0.0009 per share or $5,500, which was recorded
−Removed: as stock-based consulting expense.
−Removed: November 16, 2022, the Company issued 73,301,020 shares of the Company’s Common Stock to a consultant for services rendered from
−Removed: July 2022 to November 2022.
−Removed: The Company issued 73,301,020 shares of the Company’s Common Stock valued at approximately $0.00007
−Removed: per share or $51,311, being the closing price of the stock on the date of grant to such consultant.
−Removed: October 17, 2022 through December 27, 2022, the Company issued an aggregate of 380,506,070 shares of its Common Stock at an average contractual
−Removed: conversion price of $0.001 as a result of the conversion of principal of $485,700, and accrued interest of $29,521 underlying certain
−Removed: outstanding convertible notes converted during such period.
−Removed: as otherwise noted, the securities in the transactions describe above were sold in reliance on the exemption from registration provided
+Added: January 5, 2023 through March 30, 2023, the Company issued an aggregate of 1,375,598,285 shares of Common Stock at an average
+Added: contractual conversion price of $0.0002 per share as a result of the conversion of principal of $290,000, and accrued interest of
+Added: $17,985 underlying certain outstanding convertible notes converted during such period.
+Added: as otherwise noted, the securities in the transactions described 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.
5 unchanged sentences
Defaults Upon Senior Securities.
−Removed: of December 31, 2022, we were in default under a certain loan payable issued to certain lender on October 3, 2019 for failure to pay
−Removed: an aggregate of $65,280 and $28,398 of principal and accrued interest, respectively, as of December 31, 2022, subsequent to their maturity
+Added: of March 31, 2023, we were in default under a certain loan payable issued to certain lender on October 3, 2019 for failure to pay an
+Added: aggregate of $65,280 and $38,281 of principal and accrued interest, respectively, as of March 31, 2023, subsequent to their maturity
+Added: Additionally, we were in default under a certain convertible note with principal amount of $120,000 which was issued to a
+Added: lender on November 3, 2022 for failure to pay the first installment payment due in March 2023 which is considered an event of
We are currently in discussions with such noteholder to extend such maturity date.
−Removed: See “Note 5 – Loans” to our
−Removed: unaudited condensed consolidated financial statements in Part I of this Quarterly Report for additional information.
+Added: See “Note 5 – Loans”
+Added: 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.