What changed in this filing

/stocks — the workspaceLOADING

Item 2. Unregistered Sales of Equity Securities

2021-05-14 compared with 2020-11-23 · 40 added, 83 removed, 5 unchanged (96% of the section changed)

Unregistered Sales of Equity Securities and Use of Proceeds.

the quarterly report ended September 30, 2020, we had the following sales and issuances of unregistered equity securities:

Title of Security

Consideration

Received and Description of Underwriting or Other Discounts to Market Price or Convertible Security Afforded to Purchases

Exemption from Registration

If Option, Warrant or Convertible

Security, Terms of Exercise or Conversion

Security Holder

Shares issued as penalty for not meeting

short term note maturity date;

no commissions paid

Section 4(2);

and/or Rule 506

Not applicable

Clyde Berg, an individual

Shares issued as penalty for not meeting short term

note maturity date;

no commissions paid

Section 4(2);

and/or Rule 506

Not applicable

Clyde Berg, an individual

September 2020

Shares issued as penalty for not meeting short term

note maturity date;

no commissions paid

Section 4(2);

and/or Rule 506

Not applicable

Clyde Berg, an individual

September 2020

Shares issued with short term note maturing June

no commissions paid

Section 4(2);

and/or Rule 506

Not applicable

Clyde Berg, an individual

September 2020

Shares issued with short term note maturing December

no commissions paid

Section 4(2);

and/or Rule 506

Not applicable

Clyde Berg, an individual

September 2020

Shares issued with short term note, originally maturing

April 16, 2020, and extended;

no commissions paid

Section 4(2);

and/or Rule 506

Not applicable

Steven Wallit, an individual

September 2020

Shares issued for debenture extension;

no commissions

Section 4(2);

and/or Rule 506

Not applicable

Steven Wallit, an individual

transactions were conducted in reliance on the exemptions from the registration requirements of the Securities Act of 1933, as

amended, based on the private sale of the securities and the Company’s relationships with the security holders.

DEFAULTS UPON SENIOR SECURITIES

$500,000 secured short-term note issued on February 1, 2019 was past due at September 30, 2020.

We are accruing 100,000 shares

of Company stock per month, recorded as interest, as penalty shares per agreement with the lender, until paid.

900,000 shares

were recorded as penalty interest during the nine months ended September 30, 2020, which was valued at $99,000 based on the date

$100,000 secured short-term note issued on July 2, 2019 was past due at September 30, 2020.

$500,000 secured short-term note issued on February 1, 2019 was past due as of March 31, 2021.

We have accrued 100,000 shares of Company

stock per month, recorded as interest, as penalty shares per agreement with the lender, until paid, through December 31, 2020 in accordance

with a verbal agreement with the lender.

No further share accrual is being made.

A total of 1,850,000 penalty shares are accrued, and

due on demand, in accordance with this borrowing.

$100,000 secured short-term note issued on July 2, 2019 was past due as of March 31, 2021.

We are continuing to accrue interest at the

stated rate of 12%, which is a total of approximately $21,000 as of the date of this report, until the loan is paid in full, or an extension

agreement is reached with the lender.

We are currently in discussions with the lender regarding these matters, although we have not obtained

a written waiver or entered into an amendment revising these terms.

$150,000 secured short-term note issued on July 18, 2019 was past due as of March 31, 2021.

We have accrued 15,000 shares of Company

stock per month, which increased to 30,000 shares of common stock per month beginning March 16, 2020, recorded as interest, as penalty

shares per agreement with the lender, until paid, through December 31, 2020 in accordance with a verbal agreement with the lender.

total of 360,000 penalty shares are accrued and due on demand, in accordance with this borrowing.

$450,000 secured short-term note issued on December 14, 2019 was past due as of March 31, 2021.

We are continuing to accrue interest

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

in discussions with the lender regarding these matters, although we have not obtained a written waiver or entered into an amendment

revising these terms.

$150,000 secured short-term note issued on July 18, 2019 was past due at September 30, 2020.

We are accruing 15,000 shares of

Company stock per month, which increased to 30,000 shares of common stock per month March 16, 2020, recorded as interest, as penalty

shares per agreement with the lender, until paid.

232,500 shares were recorded as penalty interest during the nine months ended

September 30, 2020, which was valued at $26,400 based on the date of issuance.

$450,000 secured short-term note issued on December 14, 2019 was past due at September 30, 2020.

at the stated rate of 15%, which is a total of approximately $87,500 as of the date of this report, until the loan is paid in full, or

an extension agreement is reached with the lender.

We are currently in discussions with the lender regarding these matters, although

we have not obtained a written waiver or entered into an amendment revising these terms.

$220,000 secured short-term note issued on July 8, 2020 was past due as of March 31, 2021.

We are continuing to accrue interest at the

stated rate of 15%, which is a total of approximately $24,100 as of the date of this report, until the loan is paid in full, or an extension

agreement is reached with the lender.

We are currently in discussions with the lender regarding these matters, although we have not obtained

a written waiver or entered into an amendment revising these terms.

$120,000 secured short-term note issued on August 18, 2020 was past due as of March 31, 2021.

We are continuing to accrue interest at

the stated rate of 15%, which is a total of approximately $11,000 as of the date of this report, until the loan is paid in full, or an

extension agreement is reached with the lender.

We are currently in discussions with the lender regarding these matters, although we

have not obtained a written waiver or entered into an amendment revising these terms.

$280,000 secured short-term note issued on September 3, 2020 was past due as of March 31, 2021.

We are continuing to accrue interest

at the stated rate of 15% until the loan is paid in full, or an extension agreement is reached with the lender.

We are currently

in discussions with the lender regarding these matters, although we have not obtained a written waiver or entered into an amendment

revising these terms.

at the stated rate of 15%, which is a total of approximately $24,000 as of the date of this report, until the loan is paid in full, or

an extension agreement is reached with the lender.

We are currently in discussions with the lender regarding these matters, although

we have not obtained a written waiver or entered into an amendment 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.

What changed 10-Q

Item 2. Unregistered Sales of Equity Securities