1 unchanged sentence
DEFAULTS UPON SENIOR SECURITIES
−Removed: $500,000 secured short-term note issued on February 1, 2019, was past due as of June 30, 2021.
−Removed: We have accrued 100,000 shares of Company
−Removed: stock per month, recorded as interest, as penalty shares per agreement with the lender, until paid, through December 31, 2020, in accordance
−Removed: with a verbal agreement with the lender.
+Added: $500,000 secured short-term note issued on February 1, 2019, was past due as of September 30, 2021.
+Added: We have accrued 100,000 shares of
+Added: Company stock per month, recorded as interest, as penalty shares per agreement with the lender, until paid, through December 31, 2020,
+Added: in accordance with a verbal agreement with the lender.
No further share accrual is being made.
−Removed: A total of 1,850,000 penalty shares are accrued, and
−Removed: due on demand, in accordance with this borrowing.
−Removed: $100,000 secured short-term note issued on July 2, 2019, was past due as of June 30, 2021.
−Removed: We are continuing to accrue interest at the
−Removed: stated rate of 12% per annum, which is a total of approximately $24,000 as of the date of this report, until the loan is paid in full,
−Removed: or an extension agreement is reached with the lender.
−Removed: We are currently in discussions with the lender regarding these matters, although
−Removed: we have not obtained a written waiver or entered into an amendment revising these terms.
−Removed: $150,000 secured short-term note issued on July 18, 2019, was past due as of June 30, 2021.
+Added: A total of 1,850,000 penalty shares are
+Added: accrued, and due on demand, in accordance with this borrowing.
+Added: $100,000 secured short-term note issued on July 2, 2019, was past due as of September 30, 2021.
+Added: We are continuing to accrue interest
+Added: at the stated rate of 12% per annum, which is a total of approximately $27,000 as of the date of this report, until the loan is paid
+Added: in full, or an extension agreement is reached with the lender.
+Added: We are in on-going discussions with our lenders regarding the terms and
+Added: conditions of the respective loans.
+Added: Although we have not obtained a written waiver(s) or entered into an amendment(s) formally extending
+Added: or revising debt terms in all instances, the lenders, most of whom are also shareholders, have and are continuing to cooperate with the
+Added: company in order to resolve the matters in the best interest of all parties.
+Added: $150,000 secured short-term note issued on July 18, 2019, was past due as of September 30, 2021.
We have accrued 15,000 shares of Company
2 unchanged sentences
total of 360,000 penalty shares are accrued and due on demand, in accordance with this borrowing.
−Removed: $450,000 secured short-term note issued on December 14, 2019, was past due as of June 30, 2021.
+Added: $300,000 secured short-term note issued on October 17, 2019, was past due as of September 30, 2021.
We are continuing to accrue interest
1 unchanged sentence
in full, or an extension agreement is reached with the lender.
−Removed: We are currently in discussions with the lender regarding these matters,
−Removed: although we have not obtained a written waiver or entered into an amendment revising these terms.
−Removed: $100,000 secured short-term note issued on March 16, 2020, was past due as of June 30, 2021.
−Removed: We are continuing to accrue interest at
−Removed: the stated rate of 14% per annum, which is a total of approximately $18,100 as of the date of this report, until the loan is paid in
−Removed: full, or an extension agreement is reached with the lender.
−Removed: We are currently in discussions with the lender regarding these matters,
−Removed: although we have not obtained a written waiver or entered into an amendment revising these terms.
−Removed: $50,000 secured short-term note issued on March 17, 2020, was past due as of June 30, 2021.
−Removed: We are continuing to accrue interest at the
−Removed: stated rate of 14% per annum, which is a total of approximately $9,000 as of the date of this report, until the loan is paid in full,
−Removed: or an extension agreement is reached with the lender.
−Removed: We are currently in discussions with the lender regarding these matters, although
−Removed: we have not obtained a written waiver or entered into an amendment revising these terms.
−Removed: $220,000 secured short-term note issued on July 8, 2020, was past due as of June 30, 2021.
−Removed: We are continuing to accrue interest at the
−Removed: stated rate of 15% per annum, which is a total of approximately $32,300 as of the date of this report, until the loan is paid in full,
−Removed: or an extension agreement is reached with the lender.
−Removed: We are currently in discussions with the lender regarding these matters, although
−Removed: we have not obtained a written waiver or entered into an amendment revising these terms.
−Removed: $120,000 secured short-term note issued on August 18, 2020, was past due as of June 31, 2021.
−Removed: We are continuing to accrue interest at
−Removed: the stated rate of 15% per annum, which is a total of approximately $15,500 as of the date of this report, until the loan is paid in
−Removed: full, or an extension agreement is reached with the lender.
−Removed: We are currently in discussions with the lender regarding these matters,
−Removed: although we have not obtained a written waiver or entered into an amendment revising these terms.
−Removed: $280,000 secured short-term note issued on September 3, 2020, was past due as of June 30, 2021.
+Added: We are in on-going discussions with our lenders regarding the terms and
+Added: conditions of the respective loans.
+Added: Although we have not obtained a written waiver(s) or entered into an amendment(s) formally extending
+Added: or revising debt terms in all instances, the lenders, most of whom are also shareholders, have and are continuing to cooperate with the
+Added: company in order to resolve the matters in the best interest of all parties.
+Added: $450,000 secured short-term note issued on December 14, 2019, was past due as of September 30, 2021.
We are continuing to accrue interest
1 unchanged sentence
in full, or an extension agreement is reached with the lender.
−Removed: We are currently in discussions with the lender regarding these matters,
−Removed: although we have not obtained a written waiver or entered into an amendment revising these terms.
+Added: We are in on-going discussions with our lenders regarding the terms and
+Added: conditions of the respective loans.
+Added: Although we have not obtained a written waiver(s) or entered into an amendment(s) formally extending
+Added: or revising debt terms in all instances, the lenders, most of whom are also shareholders, have and are continuing to cooperate with the
+Added: company in order to resolve the matters in the best interest of all parties.
+Added: $100,000 secured short-term note issued on March 16, 2020, was past due as of September 30, 2021.
+Added: We are continuing to accrue interest
+Added: at the stated rate of 14% per annum, which is a total of approximately $21,600 as of the date of this report, until the loan is paid
+Added: in full, or an extension agreement is reached with the lender.
+Added: We are in on-going discussions with our lenders regarding the terms and
+Added: conditions of the respective loans.
+Added: Although we have not obtained a written waiver(s) or entered into an amendment(s) formally extending
+Added: or revising debt terms in all instances, the lenders, most of whom are also shareholders, have and are continuing to cooperate with the
+Added: company in order to resolve the matters in the best interest of all parties.
+Added: $50,000 secured short-term note issued on March 17, 2020, was past due as of September 30, 2021.
+Added: We are continuing to accrue interest
+Added: at the stated rate of 14% per annum, which is a total of approximately $10,800 as of the date of this report, until the loan is paid
+Added: in full, or an extension agreement is reached with the lender.
+Added: We are in on-going discussions with our lenders regarding the terms and
+Added: conditions of the respective loans.
+Added: Although we have not obtained a written waiver(s) or entered into an amendment(s) formally extending
+Added: or revising debt terms in all instances, the lenders, most of whom are also shareholders, have and are continuing to cooperate with the
+Added: company in order to resolve the matters in the best interest of all parties.
+Added: $220,000 secured short-term note issued on July 8, 2020, was past due as of September 30, 2021.
+Added: We are continuing to accrue interest
+Added: at the stated rate of 15% per annum, which is a total of approximately $40,600 as of the date of this report, until the loan is paid
+Added: in full, or an extension agreement is reached with the lender.
+Added: We are in on-going discussions with our lenders regarding the terms and
+Added: conditions of the respective loans.
+Added: Although we have not obtained a written waiver(s) or entered into an amendment(s) formally extending
+Added: or revising debt terms in all instances, the lenders, most of whom are also shareholders, have and are continuing to cooperate with the
+Added: company in order to resolve the matters in the best interest of all parties.
+Added: $120,000 secured short-term note issued on August 18, 2020, was past due as of September 31, 2021.
+Added: We are continuing to accrue interest
+Added: at the stated rate of 15% per annum, which is a total of approximately $20,100 as of the date of this report, until the loan is paid
+Added: in full, or an extension agreement is reached with the lender.
+Added: We are in on-going discussions with our lenders regarding the terms and
+Added: conditions of the respective loans.
+Added: Although we have not obtained a written waiver(s) or entered into an amendment(s) formally extending
+Added: or revising debt terms in all instances, the lenders, most of whom are also shareholders, have and are continuing to cooperate with the
+Added: company in order to resolve the matters in the best interest of all parties.
+Added: $280,000 secured short-term note issued on September 3, 2020, was past due as of September 30, 2021.
+Added: We are continuing to accrue interest
+Added: at the stated rate of 15% per annum, which is a total of approximately $45,100 as of the date of this report, until the loan is paid
+Added: in full, or an extension agreement is reached with the lender.
+Added: We are in on-going discussions with our lenders regarding the terms and
+Added: conditions of the respective loans.
+Added: Although we have not obtained a written waiver(s) or entered into an amendment(s) formally extending
+Added: or revising debt terms in all instances, the lenders, most of whom are also shareholders, have and are continuing to cooperate with the
+Added: company in order to resolve the matters in the best interest of all parties.
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.