Unregistered Sales of Equity Securities and Use of Proceeds.
−Removed: the quarterly report ended June 30, 2020, we had the following sales and issuances of unregistered equity securities:
+Added: the quarterly report ended September 30, 2020, we had the following sales and issuances of unregistered equity securities:
+Added: Title of Security
Consideration
Consideration
−Removed: Received and Description of Underwriting or Other Discounts to Market Price or Convertible
−Removed: Security Afforded to Purchases
−Removed: from Registration Claimed
−Removed: Option, Warrant or Convertible
−Removed: Terms of Exercise or Conversion
−Removed: Shares issued
−Removed: as penalty for not meeting short term note maturity date;
+Added: Received and Description of Underwriting or Other Discounts to Market Price or Convertible Security Afforded to Purchases
+Added: Exemption from Registration
+Added: If Option, Warrant or Convertible
+Added: Security, Terms of Exercise or Conversion
+Added: Security Holder
+Added: Shares issued as penalty for not meeting
+Added: short term note maturity date;
no commissions paid
+Added: Section 4(2);
and/or Rule 506
−Removed: Berg, an individual
−Removed: Shares issued as penalty
−Removed: for not meeting short term note maturity date;
+Added: Not applicable
+Added: Clyde Berg, an individual
+Added: Shares issued as penalty for not meeting short term
+Added: note maturity date;
no commissions paid
+Added: Section 4(2);
and/or Rule 506
−Removed: Berg, an individual
−Removed: Shares issued as penalty
−Removed: for not meeting short term note maturity date;
+Added: Not applicable
+Added: Clyde Berg, an individual
+Added: September 2020
+Added: Shares issued as penalty for not meeting short term
+Added: note maturity date;
no commissions paid
+Added: Section 4(2);
and/or Rule 506
−Removed: Berg, an individual
+Added: Not applicable
+Added: Clyde Berg, an individual
+Added: September 2020
+Added: Shares issued with short term note maturing June
+Added: no commissions paid
+Added: Section 4(2);
+Added: and/or Rule 506
+Added: Not applicable
+Added: Clyde Berg, an individual
+Added: September 2020
+Added: Shares issued with short term note maturing December
+Added: no commissions paid
+Added: Section 4(2);
+Added: and/or Rule 506
+Added: Not applicable
+Added: Clyde Berg, an individual
+Added: September 2020
+Added: Shares issued with short term note, originally maturing
+Added: April 16, 2020, and extended;
+Added: no commissions paid
+Added: Section 4(2);
+Added: and/or Rule 506
+Added: Not applicable
+Added: Steven Wallit, an individual
+Added: September 2020
+Added: Shares issued for debenture extension;
+Added: no commissions
+Added: Section 4(2);
+Added: and/or Rule 506
+Added: Not applicable
+Added: Steven Wallit, 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
−Removed: $500,000 secured short-term note issued on February 1, 2019 was past due at June 30, 2020.
−Removed: We are accruing 100,000 shares of Company
−Removed: stock per month, recorded as interest, as penalty shares per agreement with the lender, until paid.
−Removed: 600,000 shares were recorded
−Removed: as penalty interest during the six months ended June 30, 2020, which was valued at $60,000 based on the date of issuance.
−Removed: $100,000 secured short-term note issued on July 2, 2019 was past due at June 30, 2020.
−Removed: We are continuing to accrue interest at
−Removed: the stated rate of 12% until the loan is paid in full, or an extension agreement is reached with the lender.
+Added: $500,000 secured short-term note issued on February 1, 2019 was past due at September 30, 2020.
+Added: We are accruing 100,000 shares
+Added: of Company stock per month, recorded as interest, as penalty shares per agreement with the lender, until paid.
+Added: 900,000 shares
+Added: were recorded as penalty interest during the nine months ended September 30, 2020, which was valued at $99,000 based on the date
+Added: $100,000 secured short-term note issued on July 2, 2019 was past due at September 30, 2020.
+Added: We are continuing to accrue interest
+Added: at the stated rate of 12% until the loan is paid in full, or an extension agreement is reached with the lender.
We are currently
1 unchanged sentence
revising these terms.
−Removed: $150,000 secured short-term note issued on July 18, 2019 was past due at June 30, 2020.
−Removed: We are accruing 15,000 shares of Company
−Removed: stock per month, which increased to 30,000 shares of common stock per month March 16, 2020, recorded as interest, as penalty shares
−Removed: per agreement with the lender, until paid.
−Removed: 142,500 shares were recorded as penalty interest during the six months ended June 30,
−Removed: 2020, which was valued at $14,700 based on the date of issuance.
−Removed: $450,000 secured short-term note issued on December 14, 2019 was past due at June 30, 2020.
+Added: $150,000 secured short-term note issued on July 18, 2019 was past due at September 30, 2020.
+Added: We are accruing 15,000 shares of
+Added: Company stock per month, which increased to 30,000 shares of common stock per month March 16, 2020, recorded as interest, as penalty
+Added: shares per agreement with the lender, until paid.
+Added: 232,500 shares were recorded as penalty interest during the nine months ended
+Added: September 30, 2020, which was valued at $26,400 based on the date of issuance.
+Added: $450,000 secured short-term note issued on December 14, 2019 was past due at September 30, 2020.
We are continuing to accrue interest
5 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.