Item 2. Unregistered Sales of Equity Securities
Item
2. Unregistered Sales of Equity Securities and Use of Proceeds
On
October 29, 2021, the Company issued a private placement memorandum offering to raise up to $500,000 through the issuance of restricted
shares of the Company’s common stock (par value $0.001) to qualified investors. On November 5, 2021, the Company received a subscription
agreement from an investor, for 40,000 common shares at a purchase price of $5 per share, including 200,000 warrants exercisable at $5
per share, vested immediately upon issuance, with a five-year expiration. Proceeds to the Company totaled $200,000.
Purchases
of Equity Securities by the Issuer
There
were no repurchases of equity during the quarter ended December 31, 2021.
Item
3. Defaults upon Senior Securities.
None;
not applicable.
Item
4. Mine Safety Disclosures.
None;
not applicable.
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