Unregistered Sales of Equity Securities and Use of Proceeds.
−Removed: January 1, 2020 to March 31, 2020, we had the following sales and issuances of unregistered equity securities:
+Added: the quarterly report ended June 30, 2020, we had the following sales and issuances of unregistered equity securities:
Consideration
Consideration
−Removed: Received and Description of Underwriting or Other Discounts to Market Price or Convertible Security Afforded to Purchases
+Added: Received and Description of Underwriting or Other Discounts to Market Price or Convertible
+Added: Security Afforded to Purchases
from Registration Claimed
−Removed: Option, Warrant or Convertible Security, Terms of Exercise or Conversion
−Removed: issued as penalty for not meeting short term note maturity date;
+Added: Option, Warrant or Convertible
+Added: Terms of Exercise or Conversion
+Added: Shares issued
+Added: as penalty for not meeting short term note maturity date;
no commissions paid
1 unchanged sentence
Berg, an individual
−Removed: issued as penalty for not meeting short term note maturity date;
+Added: Shares issued as penalty
+Added: for not meeting short term note maturity date;
no commissions paid
1 unchanged sentence
Berg, an individual
−Removed: issued as penalty for not meeting short term note maturity date;
+Added: Shares issued as penalty
+Added: for not meeting short term note maturity date;
no commissions paid
4 unchanged sentences
DEFAULTS UPON SENIOR SECURITIES
−Removed: $500,000 secured short-term note issued on February 1, 2019 was past due at March 31, 2020.
−Removed: We are accruing 100,000 shares of
−Removed: Company stock per month, recorded as interest, as penalty shares per agreement with the lender, until paid.
−Removed: 300,000 shares were
−Removed: recorded as penalty interest during the three months ended March 31, 2020, which was valued at $28,000 based on the date of issuance.
−Removed: $100,000 secured short-term note issued on July 2, 2019 was past due at March 31, 2020.
+Added: $500,000 secured short-term note issued on February 1, 2019 was past due at June 30, 2020.
+Added: We are accruing 100,000 shares of Company
+Added: stock per month, recorded as interest, as penalty shares per agreement with the lender, until paid.
+Added: 600,000 shares were recorded
+Added: as penalty interest during the six months ended June 30, 2020, which was valued at $60,000 based on the date of issuance.
+Added: $100,000 secured short-term note issued on July 2, 2019 was past due at June 30, 2020.
We are continuing to accrue interest at
3 unchanged sentences
revising these terms.
−Removed: $150,000 secured short-term note issued on July 18, 2019 was past due at March 31, 2020.
+Added: $150,000 secured short-term note issued on July 18, 2019 was past due at June 30, 2020.
We are accruing 15,000 shares of Company
1 unchanged sentence
per agreement with the lender, until paid.
−Removed: 52,500 shares were recorded as penalty interest during the three months ended March
+Added: 142,500 shares were recorded as penalty interest during the six months ended June 30,
2020, which was valued at $14,700 based on the date of issuance.
+Added: $450,000 secured short-term note issued on December 14, 2019 was past due at June 30, 2020.
+Added: We are continuing to accrue interest
+Added: at the stated rate of 15% 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.
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.