Unregistered Sales of Equity Securities
−Removed: Company in January 2020 paid $50,000 to redeem 100,000 shares of Series B Convertible Preferred Stock.
−Removed: The redemption price was
−Removed: agreed to by the investor.
−Removed: Company issued a convertible note in the amount of $100,000 to an accredited investor.
−Removed: The note bears interest at 8% per annum
−Removed: and matures March 31, 2020.
−Removed: The Company granted 1,250,000 warrants with an exercise price of $0.06 per share and a term of two
−Removed: years with this note and amended 1,312,500 previously issued warrants held by the investor to provide for a $.06 exercise price
−Removed: and an expiration date of March 31, 2022.
−Removed: January 2020, the Company converted 435,990 shares of Series C Convertible Preferred stock into 5,449,875 shares of common stock.
−Removed: Company received $497,880 which were deposited into the Company’s accounts between April and June 2020.
−Removed: Following the clearance
−Removed: of the Regulation A+ offering by the SEC on June 3, 2020, the common shares for these proceeds were issued.
−Removed: In addition, the Company
−Removed: exchanged their outstanding convertible notes payable of $525,000, $27,536 in accrued interest and $98,508 in an exchange premium
−Removed: stipulated in the note agreements into shares of common stock through September 30, 2020.
−Removed: Company converted $50,000 of promissory notes payable into 1,851,852 shares effective July 14, 2020.
+Added: January 2021, the Company issued 384,445 shares of common stock in a settlement of accounts payable valued at $50,000.
+Added: January 2021, the Company issued 1,259,250 shares of common stock in conversion of a note payable and accrued interest totaling
+Added: The conversion resulted in a loss on conversion of $176,295 that is reflected in the Condensed Statement of Operations
+Added: for the three months ended March 31, 2021.
+Added: March 2021, the Company issued 22,500,000 shares of common stock along with 11,237,500 warrants under the Regulation A+ for cash
+Added: proceeds of $1,800,000 for the common stock and the warrants were purchased for $11,238.
+Added: January 8, 2021 and January 29, 2021, the Company issued 3,423,968 shares of common stock in the cashless exercise of 4,875,000
connection with the above stock sales, we did not pay any underwriting discounts or commissions.
17 unchanged sentences
by the undersigned hereunto duly authorized.
−Removed: November 2, 2020
Michael Korenko
1 unchanged sentence
Executive Officer)
−Removed: November 2, 2020
Michael Pollack
2 unchanged sentences
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.