Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
Convertible Notes Payable
During the three months ended September 30, 2023 the Company issued 10,578,500 shares of its common stock related to the conversion of $111,905 of principal and accrued interest for two of its convertible notes payable, at an average contract conversion price of $0.0169 per share.
Stock Based Compensation
During the three months ended September 30, 2023 the Company issued 3,720,000 shares of its $0.0001 par value common stock as compensation to its directors and officers. The shares were valued at $62,868, or $0.0169 per share, based on the share price at the time of the transactions.
During the three months ended September 30, 2023 240,000 shares of its $0.0001 par value common stock vested to employees, as compensation under a consulting agreement. The shares were valued at $4,056, or $0.0169 per share.
During the three months ended September 30, 2023 1,139,166 shares of its $0.0001 par value common stock vested to consultants, as compensation under a consulting agreement. The shares were valued at $47,351, or $0.042 per share.
Item 3. Defaults Upon Senior Securities.
None
Item 4. Mine Safety Disclosures.
Not applicable to our operations.
Item 5. Other Information.
None
Item 6. Exhibits
* Filed herein
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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.