Unregistered Sales of Equity Securities and Use of Proceeds.
−Removed: January 5, 2023 through March 30, 2023, the Company issued an aggregate of 1,375,598,285 shares of Common Stock at an average
−Removed: contractual conversion price of $0.0002 per share as a result of the conversion of principal of $290,000, and accrued interest of
−Removed: $17,985 underlying certain outstanding convertible notes converted during such period.
+Added: of June 30, 2023, there was common stock issuable of 807,230 from the conversion of debt during fiscal 2023.
+Added: The common stock issuable
+Added: of 807,230 were issued in July 2023.
+Added: July 1, 2023 through September 30, 2023, the Company issued an aggregate of 4,898,307 shares of its common stock and common stock issuable
+Added: of 626,229 at an average contractual conversion price of $0.02 as a result of the conversion of principal of $106,454, interest of $7,677
+Added: and conversion fees $1,437 underlying certain outstanding convertible notes converted during such period.
+Added: of June 30, 2023, there was common stock issuable of 608,423 for services rendered during fiscal 2023.
+Added: The common stock issuable of 608,423
+Added: were issued on July 10, 2023.
as otherwise noted, the securities in the transactions described above were sold in reliance on the exemption from registration provided
−Removed: in Section 4(a)(2) of the Securities Act for transactions not involving any public offering.
−Removed: All certificates evidencing the shares sold
−Removed: bore a restrictive legend.
−Removed: No underwriter participated in the offer and sale of these securities, and no commission or other remuneration
−Removed: was paid or given directly or indirectly in connection therewith.
+Added: in Section 4(a)(2) of the Securities Act and/or Rule 506(b) promulgated thereunder, as there was no general solicitation to the investors
+Added: and the transactions did not involve any public offering.
+Added: All certificates evidencing the shares sold bore a restrictive legend.
+Added: No underwriter
+Added: participated in the offer and sale of these securities, and no commission or other remuneration was paid or given directly or indirectly
+Added: in connection therewith.
The proceeds from these sales were used for general corporate purposes.
Defaults Upon Senior Securities.
−Removed: 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
−Removed: aggregate of $65,280 and $38,281 of principal and accrued interest, respectively, as of March 31, 2023, subsequent to their maturity
−Removed: Additionally, we were in default under a certain convertible note with principal amount of $120,000 which was issued to a
−Removed: lender on November 3, 2022 for failure to pay the first installment payment due in March 2023 which is considered an event of
+Added: of September 30, 2023, we were in default under certain loan issued to certain noteholder on October 3, 2019 for failure to pay an aggregate
+Added: of $65,280 and $38,190 of principal and accrued interest, respectively, as of September 30, 2023, subsequent to their maturity date.
We are currently in discussions with such noteholder to extend such maturity date.
−Removed: See “Note 5 – Loans”
−Removed: to our unaudited condensed consolidated financial statements in Part I of this Quarterly Report for additional
+Added: See “Note 5 – Loans “ to our unaudited
+Added: condensed consolidated financial statements in Part I of this Quarterly 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.