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We issued the following securities during
−Removed: the six months ended January 31, 2019 to the date of filing of this Report:
−Removed: On February 5, 2019, the Company entered into an unsecured loan agreement with a third party with
−Removed: a principal balance of $25,000.
−Removed: The outstanding principal was due March 8, 2019.
−Removed: was not repaid on the maturity date as required.
−Removed: The third party agreed to accept payment in kind consisting of certain
−Removed: products of the Company in lieu of cash interest.
−Removed: On March 7, 2019, the Company sold an aggregate of 7,500,000 shares of common stock and granted
−Removed: warrants to purchase an aggregate 2,000,000 common shares to three “accredited investors”
−Removed: The warrants had
−Removed: exercise prices of $0.08 and had a one -year term.
−Removed: The aggregate grant date fair value of the warrants issued in connection with
−Removed: these issuances were $6,600.
−Removed: The warrants expired on March 7, 2020.
−Removed: The proceeds were used for working capital.
−Removed: During March 2019, the Company issued a $30,000 of convertible 6% debentures (“30,000 Debenture”)
−Removed: to one accredited investor.
−Removed: The principal amount of the $30,000 Debenture, plus accrued and unpaid interest through June 30, 2020
−Removed: were payable on the 10 th business day subsequent to June 30, 2020, unless the payment of the $30,000 Debenture was prepaid
−Removed: at the sole option of the Company, or was converted as provided for under the terms of the $30,000 Debenture, and/or accelerated
−Removed: due to an event of default in accordance with the terms of the $30,000 Debenture.
−Removed: During June 2019, the Company
−Removed: and the holder of the $30,000 Debenture agreed to convert the principal amount of the $30,000 Debentures plus interest accrued
−Removed: and unpaid through the date of the conversion totaling $30,478 into 1,111,111 shares of common stock of the Company (approximately
−Removed: $0.0274 per share representing a premium to the trading price of $0.0253 as of the effective date of the transaction).
−Removed: During April 2019, the Company sold 5,102,000 shares of common stock to seven “accredited
−Removed: investors”
−Removed: at $0.03 per share for an aggregate purchase price of $154,500.
−Removed: The proceeds were used for working capital.
−Removed: During May 2019, the Company and holders of the $100,000 Debentures agreed to convert the principal
−Removed: amount of the $100,000 Debentures plus interest accrued and unpaid through the date of the conversion totaling $100,622 into 3,773,584
−Removed: shares of common stock of the Company (approximately $0.0267 per share representing a discount to the trading price of $0.0285
−Removed: as of the effective date of the transaction).
−Removed: On May 1, 2019, the Company, Mint Organics and the holder
−Removed: of a promissory note issued by Mint Organics agreed to a settlement of the outstanding loan whereby the Company agreed to issue
−Removed: the holder of the note 2,735,000 shares of newly issued common stock of the Company.
−Removed: At the time of the settlement, the outstanding
−Removed: obligation under the note, including late fees and penalties was approximately $72,568.
−Removed: The common stock issued was priced at $0.0265
−Removed: per share representing a discount to the trading price of $0.049 as of the effective date of the transaction.
−Removed: On May 1, 2019, the Company and Mint Organics entered into an exchange agreement whereby the Company
−Removed: agreed to acquire the 150 shares of Mint Series A Preferred Stock and the 150,000 warrants to purchase shares of common stock of
−Removed: the Company originally issued to Mr.
−Removed: Wayne Rohrbaugh in connection with the initial capitalization of Mint Organics (see note 15)
−Removed: in exchange for 4,400,000 shares of common stock of the Company (approximately $0.034 per share representing a discount to the
−Removed: trading price of $0.049 as of the effective date of the transaction).
−Removed: On May 1, 2019, the Company and Mint Organics Florida entered into an exchange agreement whereby
−Removed: the Company agreed to acquire the 21.25 units from the minority equity holder of Mint Organics Florida (see note 15) in exchange
−Removed: for 2,400,000 shares of common stock of the Company (approximately $0.042 per share representing a discount to the trading price
−Removed: of $0.049 as of the effective date of the transaction).
−Removed: During July 2019, the Company sold 2,500,000 shares of common stock to one “accredited investor”
−Removed: at $0.02 per share for an aggregate purchase price of $50,000.
−Removed: The proceeds were used for working capital.
−Removed: During August 2019 through September 2019, the Company sold 5,250,000 shares of common stock to
−Removed: four “accredited investors”
−Removed: at $0.02 per share for an aggregate purchase price of $105,000.
−Removed: The proceeds were used
−Removed: for working capital.
+Added: the six months ended April 30, 2020 to the date of filing of this Report:
On October 10, 2019, the Company and an investor (“Noteholder”) agreed to a funding
26 unchanged sentences
Meglin, a director of the Company at $0.02 per share for an aggregate purchase price of $220,000.
−Removed: During July and August 2020,
−Removed: the Company sold an additional 1,166,666 shares and 422,514 shares of common stock to Dr.
−Removed: Allen Meglin at $0.03 per share and $0.10
−Removed: per share, respectively, for an aggregate purchase price of $77,251.
−Removed: The proceeds from all of the above sales were used for working
+Added: During July, August and October
+Added: 2020, the Company sold an additional 1,166,666 shares, 422,514 shares, and 625,000 shares of common stock to Dr.
+Added: Allen Meglin at
+Added: $0.03 per share, $0.10 per share and $0.08 per share, respectively, for an aggregate purchase price of $127,251.
+Added: The proceeds from
+Added: all of the above sales were used for working capital.
During May 2020, the Company sold 3,000,000 shares of common stock to two “accredited investors”
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The proceeds are being used to fund the Company’s public company financial reporting requirements.
−Removed: During the period July 2020, the Company sold 1,000,000 shares of common stock to two “accredited
−Removed: investors”, at $0.02 per share and $0.03 per share, respectively for an aggregate purchase price of $25,000.
−Removed: were used for working capital.
−Removed: During the period August 2020, the Company sold 8,606,665 shares of common stock to nine “accredited
+Added: During July 2020, the Company sold 1,000,000 shares of common stock to two “accredited investors”,
+Added: at $0.02 per share and $0.03 per share, respectively for an aggregate purchase price of $25,000.
+Added: The proceeds were used for working
+Added: During August 2020, the Company sold 8,606,665 shares of common stock to nine “accredited
investors”, at prices ranging from $0.03 per share and $0.06 per share, for an aggregate purchase price of $392,100.
proceeds were used for working capital.
−Removed: During the period September 2020, the Company sold 4,800,000 shares of common stock to five “accredited
+Added: During September 2020, the Company sold 4,800,000 shares of common stock to five “accredited
investors”, at prices ranging from $0.06 per share and $0.10 per share, for an aggregate purchase price of $410,000.
proceeds were used for working capital.
+Added: During October 2020, the Company sold 2,033,333 shares of common stock to five “accredited
+Added: investors”, at prices ranging from $0.06 per share and $0.10 per share, for an aggregate purchase price of $170,000.
+Added: proceeds were used for working capital.
+Added: During October 2020, the Company and the holder of the $20,000 debenture agreed to convert the
+Added: principal amount of the $20,000 debenture plus interest accrued and unpaid through the date of the conversion totaling approximately
+Added: $20,300 into 160,000 shares of common stock of the Company.
+Added: During November 2020, the Company sold 800,000 shares of common stock to an “accredited investor”,
+Added: at $0.05 per share, for an aggregate purchase price of $40,000.
+Added: The proceeds were used for working capital.
None of the above issuances involved any
5 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.