1 unchanged sentence
DEFAULTS UPON SENIOR SECURITIES
−Removed: $500,000 secured short-term note issued on February 1, 2019, was past due as of March 31, 2023.
+Added: $500,000 secured short-term note issued on February 1, 2019, was past due as of June 30, 2023.
We have accrued 100,000 shares of Company
4 unchanged sentences
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 March 31, 2023.
+Added: Unpaid interest is approximately $30,000 as of the date of this report.
+Added: $100,000 secured short-term note issued on July 2, 2019, was past due as of June 30, 2023.
We are continuing to accrue interest at the
6 unchanged sentences
order to resolve the matters in the best interest of all parties.
−Removed: $150,000 secured short-term note issued on July 18, 2019, was past due as of March 31, 2023.
+Added: $150,000 secured short-term note issued on July 18, 2019, was past due as of June 30, 2023.
We have accrued 15,000 shares of Company
4 unchanged sentences
as of the date of this report.
−Removed: $300,000 secured short-term note issued on October 17, 2019, was past due as of March 31, 2023.
−Removed: We are continuing to accrue interest
−Removed: at the stated rate of 15% per annum, which is a total of approximately $110,600 as of the date of this report, until the loan is paid
−Removed: in full, or an extension agreement is reached with the lender.
−Removed: We are in on-going discussions with our lenders regarding the terms and
−Removed: conditions of the respective loans.
−Removed: Although we have not obtained a written waiver(s) or entered into an amendment(s) formally extending
−Removed: or revising debt terms in all instances, the lenders, most of whom are also shareholders, have and are continuing to cooperate with the
−Removed: company in order to resolve the matters in the best interest of all parties.
−Removed: $450,000 secured short-term note issued on December 14, 2019, was past due as of March 31, 2023.
+Added: $300,000 secured short-term note issued on October 17, 2019, was past due as of June 30, 2023.
+Added: We are continuing to accrue interest at
+Added: the stated rate of 15% per annum, which is a total of approximately $166,800 as of the date of this report, until the loan is paid in
+Added: full, or an extension agreement is reached with the lender.
+Added: We are in on-going discussions with our lenders regarding the terms and conditions
+Added: of the respective loans.
+Added: Although we have not obtained a written waiver(s) or entered into an amendment(s) formally extending or revising
+Added: debt terms in all instances, the lenders, most of whom are also shareholders, have and are continuing to cooperate with the company in
+Added: 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 June 30, 2023.
We are continuing to accrue interest
6 unchanged sentences
company in order to resolve the matters in the best interest of all parties.
−Removed: $100,000 secured short-term note issued on March 16, 2020, was past due as of March 31, 2023.
+Added: $100,000 secured short-term note issued on March 16, 2020, was past due as of June 30, 2023.
We are continuing to accrue interest at
6 unchanged sentences
order to resolve the matters in the best interest of all parties.
−Removed: $50,000 secured short-term note issued on March 17, 2020, was past due as of March 31, 2023.
−Removed: We are continuing to accrue interest at
−Removed: the stated rate of 14% per annum, which is a total of approximately $14,300 as of the date of this report, until the loan is paid in
−Removed: full, or an extension agreement is reached with the lender.
+Added: $50,000 secured short-term note issued on March 17, 2020, was past due as of June 30, 2023.
+Added: We are continuing to accrue interest at the
+Added: stated rate of 14% per annum, which is a total of approximately $23,000 as of the date of this report, until the loan is paid in full,
+Added: or an extension agreement is reached with the lender.
We are in on-going discussions with our lenders regarding the terms and conditions
3 unchanged sentences
order to resolve the matters in the best interest of all parties.
−Removed: $220,000 secured short-term note issued on July 8, 2020, was past due as of March 31, 2023.
+Added: $220,000 secured short-term note issued on July 8, 2020, was past due as of June 30, 2023.
We are continuing to accrue interest at the
6 unchanged sentences
order to resolve the matters in the best interest of all parties.
−Removed: $120,000 secured short-term note issued on August 18, 2020, was past due as of March 31, 2023.
+Added: $120,000 secured short-term note issued on August 18, 2020, was past due as of June 30, 2023.
We are continuing to accrue interest at
6 unchanged sentences
order to resolve the matters in the best interest of all parties.
−Removed: $280,000 secured short-term note issued on September 3, 2020, was past due as of March 31, 2023.
+Added: $280,000 secured short-term note issued on September 3, 2020, was past due as of June 30, 2023.
We are continuing to accrue interest
6 unchanged sentences
company in order to resolve the matters in the best interest of all parties.
+Added: $500,000 secured short-term note issued on August 15, 2022, was past due as of June 30, 2023.
+Added: We are continuing to accrue interest at
+Added: the stated rate of 10% per annum, which is a total of approximately $43,600 as of the date of this report, until the loan is paid in
+Added: full, or an extension agreement is reached with the lender.
+Added: We are in on-going discussions with our lenders regarding the terms and conditions
+Added: of the respective loans.
+Added: Although we have not obtained a written waiver(s) or entered into an amendment(s) formally extending or revising
+Added: debt terms in all instances, the lenders, most of whom are also shareholders, have and are continuing to cooperate with the company in
+Added: order to resolve the matters in the best interest of all parties.
+Added: $100,000 secured short-term note issued on July 20, 2022, was past due as of June 30, 2023.
+Added: We are continuing to accrue interest at the
+Added: stated rate of 10% per annum, which is a total of approximately $7,600 as of the date of this report, until the loan is paid in full,
+Added: or an extension agreement is reached with the lender.
+Added: We are in on-going discussions with our lenders regarding the terms and conditions
+Added: of the respective loans.
+Added: Although we have not obtained a written waiver(s) or entered into an amendment(s) formally extending or revising
+Added: debt terms in all instances, the lenders, most of whom are also shareholders, have and are continuing to cooperate with the company in
+Added: order to resolve the matters in the best interest of all parties.
+Added: $500,000 secured long-term note issued on July 13, 2018, was past due as of June 30, 2023.
+Added: We are continuing to accrue interest at the
+Added: stated rate of 20% per annum, which is a total of approximately $496,500 as of the date of this report, until the loan is paid in full,
+Added: or an extension agreement is reached with the lender.
+Added: We are in on-going discussions with our lenders regarding the terms and conditions
+Added: of the respective loans.
+Added: Although we have not obtained a written waiver(s) or entered into an amendment(s) formally extending or revising
+Added: debt terms in all instances, the lenders, most of whom are also shareholders, have and are continuing to cooperate with the company in
+Added: 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.