Item 1A. Risk Factors
ITEM 1A. RISK FACTORS
We are a smaller reporting company as defined
by Rule 12b-2 of the Exchange Act and are not required to provide the information.
ITEM 2. RECENT UNREGISTERED SALES OF EQUITY
SECURITIES AND USE OF PROCEEDS
Except as set forth below there were no sales
of equity securities sold during the period covered by this Report that were not registered under the Securities Act and were
not previously reported in a Current Report on Form 8-K filed by the Company.
On January 11, 2021, the Company issued 1,000,000
shares of Common Stock to Allan Evans under the Company’s 2019 Equity Incentive Plan.
On January 27, 2021, we closed a private offering
in which we sold Units, consisting of two-year 12% convertible promissory notes in the aggregate principal amount of $500,000
and five-year warrants to purchase an aggregate of 675,000 shares of common stock to six accredited investors in a private offering.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable
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