Item 2. Unregistered Sales of Equity Securities
ITEM
2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
During
the three months ended June 30, 2026, the Company entered into the following unregistered sales of equity securities:
●
Sold 85,000 shares of common
stock for gross proceeds of $255,000 to certain accredited investors. The sale did not include any underwriting discounts or commissions
●
Issued 1,544,083 shares of common stock for employee and non-employee stock based compensation.
●
Granted 430,000 stock options for employee and non-employee stock based compensation
All
of the securities described above were issued in reliance on the exemption from registration provided by Rule 506(b) of the Securities
Act of 1933.
ITEM
3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM
4. MINE SAFETY DISCLOSURES
Not
applicable.
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