Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: Effective October 8, 2020, we issued 111,111 shares of our common stock upon exercise of our common stock purchase warrants with an exercise price of $0.55 per share for gross proceeds of $61,111.05.
−Removed: We issued these shares to one U.S.
−Removed: Person (as that term is defined in Regulation S of the Securities Act of 1933) and in issuing these shares, we relied on the exemption from the registration requirements of the Securities Act of 1933 provided by Section 4(a)(2) of the Securities Act of 1933 and/or Rule 506 promulgated under the Securities Act of 1933.
−Removed: Effective October 15, 2020, we issued 55,555 shares of our common stock upon exercise of our common stock purchase warrants with an exercise price of $0.55 per share for gross proceeds of $30,555.25.
−Removed: We issued these shares to one U.S.
−Removed: Person (as that term is defined in Regulation S of the Securities Act of 1933) and in issuing these shares, we relied on the exemption from the registration requirements of the Securities Act of 1933 provided by Section 4(a)(2) of the Securities Act of 1933 and/or Rule 506 promulgated under the Securities Act of 1933.
−Removed: Effective November 18, 2020, we granted 45,000 stock options to an employee.
−Removed: Each stock option is exercisable at a price of $1.09 per share until November 18, 2030.
−Removed: These options vest as to one-third on May 2, 2021 and one-third on the second and third anniversary of the grant date.
−Removed: We granted the stock options to one U.S.
−Removed: Person (as that term is defined in Regulation S of the Securities Act of 1933) and in issuing securities we relied on the registration exemption provided for in Section 4(a)(2) of the Securities Act of 1933.
−Removed: Effective February 1, 2021, we issued 2,000,000 shares of our common stock upon exercise of our common stock purchase warrants with an exercise price of $0.55 per share for gross proceeds of $1,100,000.
−Removed: We issued these shares to one non-U.S.
−Removed: Person (as that term is defined in Regulation S of the Securities Act of 1933) in an offshore transaction relying on Regulation S promulgated under the Securities Act of 1933 and/or /Section 4(a)(2) of the Securities Act of 1933.
−Removed: Effective February 8, 2020, we issued 1,777,777 shares of our common stock upon exercise of our common stock purchase warrants with an exercise price of $0.55 per share for gross proceeds of $977,777.
−Removed: We issued these shares to one non-U.S.
−Removed: Person (as that term is defined in Regulation S of the Securities Act of 1933) in an offshore transaction relying on Regulation S promulgated under the Securities Act of 1933 and/or /Section 4(a)(2) of the Securities Act of 1933.
+Added: Since the beginning of our fiscal year ended March 31, 2021, we have not sold any equity securities that were not registered under the Securities Act of 1933 that were not previously reported in a quarterly report on Form 10-Q or in a current report on Form 8-K.
Defaults Upon Senior Securities
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