Unregistered Sales of Equity Securities and Use of Proceeds.
−Removed: January 1, 2019 to September 30, 2019, we had the following sales and issuances of unregistered equity securities:
+Added: January 1, 2020 to March 31, 2020, we had the following sales and issuances of unregistered equity securities:
Consideration
+Added: Consideration
Received and Description of Underwriting or Other Discounts to Market Price or Convertible Security Afforded to Purchases
13 unchanged sentences
Berg, an individual
−Removed: issued as penalty for not meeting short term note maturity date;
−Removed: no commissions paid
−Removed: and/or Rule 506
−Removed: Berg, an individual
−Removed: issued as penalty for not meeting short term note maturity date;
−Removed: no commissions paid
−Removed: and/or Rule 506
−Removed: Berg, an individual
transactions were conducted in reliance on the exemptions from the registration requirements of the Securities Act of 1933, as
1 unchanged sentence
DEFAULTS UPON SENIOR SECURITIES
+Added: $500,000 secured short-term note issued on February 1, 2019 was past due at March 31, 2020.
+Added: We are accruing 100,000 shares of
+Added: Company stock per month, recorded as interest, as penalty shares per agreement with the lender, until paid.
+Added: 300,000 shares were
+Added: recorded as penalty interest during the three months ended March 31, 2020, which was valued at $28,000 based on the date of issuance.
+Added: $100,000 secured short-term note issued on July 2, 2019 was past due at March 31, 2020.
+Added: We are continuing to accrue interest at
+Added: the stated rate of 12% until the loan is paid in full, or an extension agreement is reached with the lender.
+Added: We are currently
+Added: in discussions with the lender regarding these matters, although we have not obtained a written waiver or entered into an amendment
+Added: revising these terms.
+Added: $150,000 secured short-term note issued on July 18, 2019 was past due at March 31, 2020.
+Added: We are accruing 15,000 shares of Company
+Added: stock per month, which increased to 30,000 shares of common stock per month March 16, 2020, recorded as interest, as penalty shares
+Added: per agreement with the lender, until paid.
+Added: 52,500 shares were recorded as penalty interest during the three months ended March
+Added: 31, 2020, which was valued at $5,100 based on the date of issuance.
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.