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, 2024 the Company issued 10,691,000 shares of its common stock related to the conversion of $43,152 of principal and accrued interest for two of its convertible notes payable, at an average contract conversion price of $0.0042 per share.
Stock Based Compensation
During the three months ended September 30, 2024 the Company issued 12,500,000 shares of its $0.0001 par value common stock as compensation to its directors and officers. The shares were valued at $52,500, or $0.0042 per share, based on the share price at the time of the transactions.
During the three months ended September 30, 2024 5,350,000 shares of its $0.0001 par value common stock vested to consultants, as compensation under a consulting agreement. The shares were valued at $23,270, or $0.00435 per share.
Item 3. Defaults Upon Senior Securities.
None
Item 4. Mine Safety Disclosures.
Not applicable to our operations.
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