What changed in this filing

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Item 2. Unregistered Sales of Equity Securities

2025-10-02 compared with 2025-06-17 · 85 added, 52 removed, 129 unchanged (52% of the section changed)

Unregistered Sales of Equity Securities and Use of Proceeds.

the three months ended March 31, 2025, 4 million shares of preferred stock was converted into 3.6 million shares of common stock.

part of the transaction, $225,000 of debt was also extinguished, as well as $8,600 in accrued interest on the debt.

February 28, 2025, 4 million shares of preferred stock was converted into 3.6 million shares of common stock.

As part of the transaction,

$225,000 of debt was also extinguished, as well as $8,600 in accrued interest on the debt.

No new proceeds were received by the Company.

April 8, 2025, the Company sold 200,000 shares of restricted common stock at $0.05 per share.

Net proceeds were $9,000, after paying

a 10% in commission fees.

Proceeds were used for general corporate purposes.

The shares were issued in reliance on the exemption the

registration requirements of the Securities Act of 1933, as amended, by virtue of Section 4(2) thereof or Regulation D promulgated thereunder,

based on the private sale of the shares to an “accredited investor” (as such term is defined under Regulation D).

The purchaser

represented its intention to acquire the shares for investment for its own account and not with a view to, or for resale in connection

with, any distribution thereof.

DEFAULTS UPON SENIOR SECURITIES

$500,000 secured short-term note issued on February 1, 2019, was past due as of March 31, 2025.

$500,000 secured short-term note issued on February 1, 2019, was past due as of June 30, 2025.

We have accrued 100,000 shares of Company

5 unchanged sentences

Unpaid interest is approximately $30,000 as of the date of this report.

$100,000 secured short-term note issued on July 2, 2019, was past due as of March 31, 2025.

$100,000 secured short-term note issued on July 2, 2019, was past due as of June 30, 2025.

We are continuing to accrue interest at the

6 unchanged sentences

order to resolve the matters in the best interest of all parties.

$150,000 secured short-term note issued on July 18, 2019, was past due as of March 31, 2025.

$150,000 secured short-term note issued on July 18, 2019, was past due as of June 30, 2025.

We have accrued 15,000 shares of Company

4 unchanged sentences

as of the date of this report.

$300,000 secured short-term note issued on October 17, 2019, was past due as of March 31, 2025.

We are continuing to accrue interest

at the stated rate of 15% per annum, which is a total of approximately $245,700 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 in on-going discussions with our lenders regarding the terms and

conditions of the respective loans.

Although we have not obtained a written waiver(s) or entered into an amendment(s) formally extending

or revising debt terms in all instances, the lenders, most of whom are also shareholders, have and are continuing to cooperate with the

company in order to resolve the matters in the best interest of all parties.

$450,000 secured short-term note issued on December 14, 2019, was past due as of March 31, 2025.

$300,000 secured short-term note issued on October 17, 2019, was past due as of June 30, 2025.

We are continuing to accrue interest at

the stated rate of 15% per annum, which is a total of approximately $256,900 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 in on-going discussions with our lenders regarding the terms and conditions

of the respective loans.

Although we have not obtained a written waiver(s) or entered into an amendment(s) formally extending or revising

debt terms in all instances, the lenders, most of whom are also shareholders, have and are continuing to cooperate with the company in

order to resolve the matters in the best interest of all parties.

$450,000 secured short-term note issued on December 14, 2019, was past due as of June 30, 2025.

We are continuing to accrue interest

6 unchanged sentences

company in order to resolve the matters in the best interest of all parties.

$100,000 secured short-term note issued on March 16, 2020, was past due as of March 31, 2025.

$100,000 secured short-term note issued on March 16, 2020, was past due as of June 30, 2025.

We are continuing to accrue interest at

6 unchanged sentences

order to resolve the matters in the best interest of all parties.

$50,000 secured short-term note issued on March 17, 2020, was past due as of March 31, 2025.

We are continuing to accrue interest at

the stated rate of 14% per annum, which is a total of approximately $35,300 as of the date of this report, until the loan is paid in

full, or an extension agreement is reached with the lender.

$50,000 secured short-term note issued on March 17, 2020, was past due as of June 30, 2025.

We are continuing to accrue interest at the

stated rate of 14% per annum, which is a total of approximately $37,000 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 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.

$220,000 secured short-term note issued on July 8, 2020, was past due as of March 31, 2025.

$220,000 secured short-term note issued on July 8, 2020, was past due as of June 30, 2025.

We are continuing to accrue interest at the

6 unchanged sentences

order to resolve the matters in the best interest of all parties.

$120,000 secured short-term note issued on August 18, 2020, was past due as of March 31, 2025.

$120,000 secured short-term note issued on August 18, 2020, was past due as of June 30, 2025.

We are continuing to accrue interest at

6 unchanged sentences

order to resolve the matters in the best interest of all parties.

$280,000 secured short-term note issued on September 3, 2020, was past due as of March 31, 2025.

$280,000 secured short-term note issued on September 3, 2020, was past due as of June 30, 2025.

We are continuing to accrue interest

6 unchanged sentences

company in order to resolve the matters in the best interest of all parties.

$500,000 secured short-term note issued on August 15, 2022, was past due as of March 31, 2025.

$500,000 secured short-term note issued on August 15, 2022, was past due as of June 30, 2025.

We are continuing to accrue interest at

6 unchanged sentences

order to resolve the matters in the best interest of all parties.

$100,000 secured short-term note issued on July 20, 2022, was past due as of March 31, 2025.

We are continuing to accrue interest at

the stated rate of 10% per annum, which is a total of approximately $21,600 as of the date of this report, until the loan is paid in

full, or an extension agreement is reached with the lender.

$100,000 secured short-term note issued on July 20, 2022, was past due as of June 30, 2025.

We are continuing to accrue interest at the

stated rate of 10% per annum, which is a total of approximately $23,600 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 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.

$500,000 secured long-term note issued on July 13, 2018, was past due as of March 31, 2025.

$500,000 secured long-term note issued on July 13, 2018, was past due as of June 30, 2025.

We are continuing to accrue interest at the

6 unchanged sentences

order to resolve the matters in the best interest of all parties.

$350,000 secured short-term note issued on January 20, 2023, was past due as of March 31, 2025.

We are continuing to accrue interest

at the stated rate of 8% per annum, which is a total of approximately $61,400 as of the date of this report, until the loan is paid in

full, or an extension agreement is reached with the lender.

$350,000 secured short-term note issued on January 20, 2023, was past due as of June 30, 2025.

We are continuing to accrue interest at

the stated rate of 8% per annum, which is a total of approximately $68,400 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 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.

$300,000 secured short-term note issued on March 10, 2023, was past due as of March 31, 2025.

$300,000 secured short-term note issued on March 10, 2023, was past due as of June 30, 2025.

We are continuing to accrue interest at

6 unchanged sentences

order to resolve the matters in the best interest of all parties.

$200,000 secured short-term note issued on May 16, 2023, was past due as of March 31, 2025.

$200,000 secured short-term note issued on May 16, 2023, was past due as of June 30, 2025.

We are continuing to accrue interest at the

6 unchanged sentences

order to resolve the matters in the best interest of all parties.

$150,000 secured short-term note issued on January 31, 2024, was past due as of March 31, 2025.

We are continuing to accrue interest

at the stated rate of 8% per annum, which is a total of approximately $14,000 as of the date of this report, until the loan is paid in

full, or an extension agreement is reached with the lender.

$150,000 secured short-term note issued on January 31, 2024, was past due as of June 30, 2025.

We are continuing to accrue interest at

the stated rate of 8% per annum, which is a total of approximately $17,000 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 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.

$30,000 secured short-term note issued on March 27, 2024, was past due as of March 31, 2025.

We are continuing to accrue interest at

the stated rate of 8% per annum, which is a total of approximately $2,400 as of the date of this report, until the loan is paid in full,

$30,000 secured short-term note issued on March 27, 2024, was past due as of June 30, 2025.

We are continuing to accrue interest at the

stated rate of 8% per annum, which is a total of approximately $3,000 as of the date of this report, until the loan is paid in full,

or an extension agreement is reached with the lender.

4 unchanged sentences

order to resolve the matters in the best interest of all parties.

$200,000 secured short-term note issued on April 12, 2024, was past due as of April 11, 2025, before the date of the filing of this report.

$200,000 secured short-term note issued on April 12, 2024, was past due as of June 30, 2025, before the date of the filing of this report.

We are continuing to accrue interest at the stated rate of 8% per annum, which is a total of approximately $19,500 as of the date of

5 unchanged sentences

and are continuing to cooperate with the company in order to resolve the matters in the best interest of all parties.

$12,000 secured short-term note issued on February 21, 2025, was past due as of March 31, 2025.

We are continuing to accrue interest

at the stated rate of 8% per annum, which is a total of approximately $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 in on-going discussions with our lenders regarding the terms and conditions

of the respective loans.

Although we have not obtained a written waiver(s) or entered into an amendment(s) formally extending or revising

debt terms in all instances, the lenders, most of whom are also shareholders, have and are continuing to cooperate with the company in

order to resolve the matters in the best interest of all parties.

$100,000 secured short-term note issued on October 30, 2024, was past due as of June 30, 2025.

The initial stated interest of 8% per

annum increased to 12% after the due date.

We have accrued a total of approximately $6,000, of which $5,000 was paid as of the date of

this report, and will continue until the loan is paid in full, or an extension agreement is reached with the lender.

We are in on-going

discussions with our lenders regarding the terms and conditions of the respective loans.

Although we have not obtained a written waiver(s)

or entered into an amendment(s) formally extending or revising debt terms in all instances, the lenders, most of whom are also shareholders,

have and are continuing to cooperate with the company in order to resolve the matters in the best interest of all parties.

$12,000 secured short-term note issued on February 21, 2025, was past due as of June 30, 2025.

The initial stated interest of 8% per

annum increased to 12% after the due date.

We have accrued a total of approximately $400 as of the date of this report, and will continue

until the loan is paid in full, or an extension agreement is reached with the lender.

We are in on-going discussions with our lenders

regarding the terms and conditions of the respective loans.

Although we have not obtained a written waiver(s) or entered into an amendment(s)

formally extending or revising debt terms in all instances, the lenders, most of whom are also shareholders, have and are continuing

to cooperate with the company in order to resolve the matters in the best interest of all parties.

$150,000 secured short-term note issued on April 25, 2025, was past due as of June 30, 2025.

The initial stated interest of 8% per annum

increased to 12% after the due date.

We have accrued a total of approximately $8,000 as of the date of this report, and will continue

until the loan is paid in full, or an extension agreement is reached with the lender.

We are in on-going discussions with our lenders

regarding the terms and conditions of the respective loans.

Although we have not obtained a written waiver(s) or entered into an amendment(s)

formally extending or revising debt terms in all instances, the lenders, most of whom are also shareholders, have and are continuing

to cooperate with the 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.

What changed 10-Q

Item 2. Unregistered Sales of Equity Securities