Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES
AND USE OF PROCEEDS.
The following issuances of
our securities during the three-month period ended March 31, 2021 were exempt from the registration requirements of the Securities Act
of 1933 pursuant to Section 4(a)(2) thereof and/or Rule 506 of Regulation D promulgated thereunder.
Common Stock Issued in Completion of Acquisition
On January 4, 2021, we
issued 500,973 shares of common stock, restricted in accordance with Rule 144, to S-FDF, LLC, a Texas limited liability company, pursuant
to an asset purchase agreement.
Common Stock Sold for Cash
On February 5, 2021, the Company
sold an aggregate 631,250 shares of its common stock, restricted in accordance with Rule 144, to multiple accredited investors in exchange
for total proceeds of $2,525,000.
Common Stock Issued for Services
On February 28, 2021,
we issued 6,044 shares of common stock, restricted in accordance with Rule 144, to Ira Goldfarb, our Executive Chairman, for services
rendered.
On February 28, 2021,
we issued 5,541 shares of common stock, restricted in accordance with Rule 144, to Claudia Goldfarb, our Chief Executive Officer, for
services rendered.
On January 31, 2021,
we issued 6,044 shares of common stock, restricted in accordance with Rule 144, to Ira Goldfarb, our Executive Chairman, for services
rendered.
On January 31, 2021,
we issued 5,541 shares of common stock, restricted in accordance with Rule 144, to Claudia Goldfarb, our Chief Executive Officer, for
services rendered.
On January 27, 2021,
we issued 6,400 shares of common stock, restricted in accordance with Rule 144, to a board member for services.
On January 7, 2021,
we issued 18,133 shares of common stock, restricted in accordance with Rule 144, to Ira Goldfarb, our Executive Chairman, for services
rendered.
On January 7, 2021,
we issued 16,623 shares of common stock, restricted in accordance with Rule 144, to Claudia Goldfarb, our Chief Executive Officer, for
services rendered.
31
ITEM 3. DEFAULTS UPON SENIOR SECURITIES.
None.
ITEM 4. MINE SAFETY DISCLOSURES.
Not applicable.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.