Item 2. Unregistered Sales of Equity Securities
ITEM
2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Except
as set forth below, since its inception, the Registrant has not issued any securities that were not registered under the Securities Act
of 1933, as amended (the “Securities Act”). All of the securities described below were issued in reliance on the exemption
from registration provided by Section 4(a)(2) of the Securities Act or Regulation D promulgated thereunder on the basis that there was
no public offering.
From
April 1, 2025 through June 30, 2025 the Company granted an aggregate of 100,000 options to certain employees, consultants and directors.
ITEM
3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM
4. MINE SAFETY DISCLOSURES
Not
applicable.
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