Item 5. Market for Registrant’s Common Equity
ITEM
5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Our
common stock is traded on the over-the-counter market and is quoted on the OTCQB Venture Market run by OTC Markets Group under the symbol
“SDCH.”
The
OTC Markets Group is a network of security dealers who buy and sell stock. The dealers are connected by a computer network that provides
information on current “bids” and “asks,” as well as volume information. The trading of securities on the OTC
Markets is often sporadic and investors may have difficulty buying and selling our shares or obtaining market quotations for them, which
may have a negative effect on the market price of our common stock.
The
following table sets forth, for the periods indicated the high and low closing bid quotations for our common stock. These quotations
represent inter-dealer quotations, without adjustment for retail markup, markdown, or commission and may not represent actual transactions.
Low
High
Fiscal
2023
First
Quarter (October 1, 2022 to December 31, 2022)
$ 0.09
$ 0.14
Second
Quarter (January 1, 2023 to March 31, 2023)
0.04
0.12
Third
Quarter (April 1, 2023 to June 30, 2023)
0.04
0.11
Fourth
Quarter (July 1, 2023 to September 30, 2023)
0.05
0.10
Fiscal
2024
First
Quarter (October 1, 2023 to December 31, 2023)
$ 0.01
$ 0.05
Second
Quarter (January 1, 2024 to March 31, 2024)
0.02
0.06
Third
Quarter (April 1, 2024 to June 30, 2024)
0.03
0.07
Fourth
Quarter (July 1, 2024 to September 30, 2024)
0.03
0.05
Fiscal
2025
First
Quarter (October 1, 2024 to December 31, 2024) (1)
$ 0.03
$ 0.05
(1)
Through
December 6, 2024
As
of September 30, 2024, there were 225,975,331 shares of our common stock issued and outstanding, and there were approximately 784 record
holders of our common stock.
Also
as of September 30, 2024, there were zero (0) shares of Series A Preferred Stock issued and outstanding .
Dividends
Our
Board of Directors does not intend to declare dividends in the foreseeable future. The declaration, payment, and amount of any future
dividends will be made at the discretion our Board of Directors, and will depend upon, among other things, the results of our operations,
cash flows and financial condition, operating and capital requirements, and such other factors as our Board of Directors consider relevant
at that time. We currently expect to use all available funds to finance the future development and expansion of our business, and we
do not anticipate paying dividends on our common stock in the foreseeable future.
Transfer
Agent
The
Transfer Agent and Registrar for our common stock is Computershare Limited located in Canton, Massachusetts.
Recent
Sales of Unregistered Securities
Except
the 76 investors receiving, on a combined basis, approximately 7.3 million shares of common stock and 17.4 million new warrants in exchange
for tendering 43.5 million 2021 warrants as previously announced via press release and disclosed in Form 8-K dated December 27, 2023,
there have been no sales of unregistered securities during the year ended September 30, 2024.
ITEM
6. RESERVED