| Common Stock |
During the nine months ended September
30, 2025, the Company issued 100,769,386 shares of its common stock as follows:
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The Company issued 65,523,469
shares of its common stock upon the conversion of $3,344,000
in convertible notes and $607,000
of accrued interest, net of unamortized discount of $1,572,000,
pursuant to convertible notes conversion prices of $0.02
to $0.15
per share. |
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The Company issued 22,645,924 shares of its common stock upon the exercise of stock options and warrants of $912,000 with conversion prices of $0.02 to $0.15 per share. |
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The Company issued 9,050,000 shares of its common stock for services of $1,451,000 valued at $0.04 to $0.19 per share based on the closing price of the Company’s common stock on the dates granted. |
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The Company issued 1,500,000 shares of its common stock to its corporate secretary as compensation of $240,000 valued at $0.16 per share. |
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The Company issued 2,049,993 shares of its common stock upon the cashless exercise of warrants at $0.03 to $0.15 per share for $104,000, which were applied to the settlement of vendor accounts payable. |
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