5 unchanged sentences
particularly because our common stock is traded infrequently, may not necessarily represent actual transactions or a liquid trading market.
−Removed: Quarter ended December 31
−Removed: Quarter ended September 30
−Removed: Quarter ended June 30
−Removed: Quarter ended March 31
−Removed: Quarter ended December 31
−Removed: Quarter ended September 30
−Removed: Quarter ended June 30
−Removed: Quarter ended March 31
−Removed: of March 1, 2023, we had 362,541,528 shares of common stock, par value $0.001 per share, issued and outstanding, which were held by approximately
−Removed: 223 shareholders of record.
−Removed: Our transfer agent is Pacific Stock Transfer, 6725 Via Austi Pkwy, Suite 300, Las Vegas, NV 89119.
+Added: ended December 31
+Added: ended September 30
+Added: ended June 30
+Added: ended March 31
+Added: ended December 31
+Added: ended September 30
+Added: ended June 30
+Added: ended March 31
+Added: of March 18 , 2024, we had 389,894,033 shares of common stock, par value $0.001 per share,
+Added: issued and outstanding, which were held by approximately 223 shareholders of record.
+Added: transfer agent is Pacific Stock Transfer, 6725 Via Austi Pkwy, Suite 300, Las Vegas, NV 89119.
Authorized for Issuance Under Equity Compensation Plans
1 unchanged sentence
approved by stockholders and equity compensation plans not previously approved by stockholders.
−Removed: Equity Compensation Plan Information
−Removed: Plan Category
−Removed: Number of securities to be issued upon exercise of outstanding
−Removed: options, warrants
+Added: Compensation Plan Information
+Added: of securities to be issued upon exercise of outstanding options, warrants and rights
Weighted-average
−Removed: exercise price of
−Removed: outstanding options,
−Removed: warrants and rights
−Removed: Number of securities remaining available for future issuance under
−Removed: equity compensation
−Removed: plans (excluding
−Removed: securities reflected in
−Removed: Equity compensation plans approved by stockholders
−Removed: Equity compensation plans not approved by stockholders
+Added: exercise price of outstanding options, warrants and rights
+Added: of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a))
+Added: compensation plans approved by stockholders
+Added: compensation plans not approved by stockholders
34,115,309 (1)
2 unchanged sentences
Omnibus Securities and Incentive Plan
−Removed: October 2015, our Board of Directors and stockholders approved the adoption of the 2015 Omnibus Securities and Incentive Plan (the “ 2015
−Removed: The 2015 Plan authorizes an aggregate number of shares of common stock for issuance to all employees of the Company
−Removed: or any subsidiary of the Company, any non-employee director, consultants and independent contractors of the Company or any subsidiary,
−Removed: and any joint venture partners (including, without limitation, officers, directors and partners thereof) of the Company or any subsidiary.
−Removed: The aggregate number of shares that may be issued under the Plan shall not exceed twenty percent (20%) of the issued and outstanding
−Removed: shares of common stock on an as converted primary basis on a rolling basis.
−Removed: For calculation purposes, the As Converted Primary Shares
−Removed: (as defined in the 2015 Plan) shall include all shares of common stock and all shares of common stock issuable upon the conversion of
−Removed: outstanding preferred stock and other convertible securities, but shall not include any shares of common stock issuable upon the exercise
−Removed: of options, warrants and other convertible securities issued pursuant to the 2015 Plan.
−Removed: As of December 31, 2022, the Converted Primary
−Removed: Shares calculation results in 32,836,047 aggregate shares that may be issued under the 2015 Plan.
−Removed: The 2015 Plan is administered by the
−Removed: Company’s Compensation Committee, who may issue awards in the form of stock options and/or restricted stock awards.
−Removed: Effective December
−Removed: 31, 2022, an aggregate total of 44,462,500 restricted stock units (“ RSUs ”) under the 2015 Plan were authorized, but
−Removed: as of March 1, 2023, 18,085,000 had been issued.
+Added: In October 2015, our Board of Directors and stockholders approved the
+Added: adoption of the 2015 Omnibus Securities and Incentive Plan (the “ 2015 Plan ”).
+Added: The 2015 Plan authorizes a pre-determined
+Added: number of shares of common stock for issuance to all employees of the Company or any subsidiary of the Company, any non-employee director,
+Added: consultants and independent contractors of the Company or any subsidiary, and any joint venture partners (including, without limitation,
+Added: officers, directors and partners thereof) of the Company or any subsidiary.
+Added: The aggregate number of shares that may be issued under the
+Added: Plan shall not exceed twenty percent (20%) of the issued and outstanding shares of common stock on an as converted primary basis on a
+Added: rolling basis.
+Added: For calculation purposes, the As Converted Primary Shares (as defined in the 2015 Plan) shall include all shares of common
+Added: stock and all shares of common stock issuable upon the conversion of outstanding preferred stock and other convertible securities, but
+Added: shall not include any shares of common stock issuable upon the exercise of options, warrants and other convertible securities issued pursuant
+Added: to the 2015 Plan.
+Added: As of December 31, 2023, the Converted Primary Shares calculation results in 32,836,047 aggregate shares that may be
+Added: issued under the 2015 Plan.
+Added: The 2015 Plan is administered by the Company’s Compensation Committee, who may issue awards in the form
+Added: of stock options and/or restricted stock awards.
+Added: Effective December 31, 2023, an aggregate total of 44,462,500 restricted stock units
+Added: (“ RSUs ”) under the 2015 Plan were authorized, but as of March 1, 2024, an aggregate total of 24,985,000 RSUs had been
Sales of Unregistered Securities
1 unchanged sentence
the date of this report.
−Removed: Each of the issuances identified below were issued in transactions exempt from registration under
−Removed: the Securities Act of 1933, as amended, in reliance on Section 3(a)(9) and/or 4(2) thereof.
+Added: Each of the issuances identified below were issued in transactions exempt from registration under the Securities
+Added: Act of 1933, as amended, in reliance on Section 3(a)(9) and/or 4(2) thereof.
During the Quarter Ended December 31, 2023
−Removed: the month of December 2022, the Company issued 2,650,273 shares of common stock in the cashless exercise of 3,333,333 warrants.
+Added: During the quarter ended December 31, 2023, the Company:
+Added: (1) completed
+Added: the sale of 8,132,000 shares of common stock pursuant to its Regulation A+ offering, conducted under the Company’s offering statement
+Added: on Form 1-A, originally filed with the SEC on September 1, 2021 (File No.
+Added: 024-11627) (the “ Offering Statement ”), qualified
+Added: by the SEC on September 15, 2021, as amended and qualified by the SEC on October 17, 2022, and December 6, 2023 (the “ Regulation
+Added: A+ Offering ”);
+Added: (2) 500,000 shares of common stock issued to settle accounts payable;
+Added: (3) 4,720,505 shares of common stock issued
+Added: in cashless exchanges of warrants;
+Added: and (5) 4,000,000 shares of common stock in vested restricted stock units.
Subsequent to December 31, 2023
−Removed: March 1, 2023, there have been no shares of common or preferred stock issued.
−Removed: SELECTED FINANCIAL DATA.
−Removed: item is not applicable to the Company because the Company is a smaller reporting company as defined by Rule 12b-2 under the Securities
−Removed: Exchange Act of 1934, as amended.
+Added: Through March 18, 2024, there have been 2,000,000 shares of common stock
+Added: issued for cash pursuant to the Regulation A+ Offering.
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.