Item
3.02 Unregistered Sales of Equity Securities.
Conversion
of Notes
As previously reported, the Company issued notes to various investors convertible into shares of the Company’s common stock.
On February 5, 2021, holders of convertible notes converted an aggregate principal and interest amount of $37,493 into an aggregate
of 3,905,537 shares of the Company’s common stock.
The securities
above were offered and sold pursuant to an exemption from the registration requirements under Section 4(a)(2) of the Securities
Act since, among other things, the transactions did not involve a public offering.
Conversion
of Preferred Shares
As
previously reported, on August 19, 2019, the Company filed a certificate of designation (the “Series L COD”) of Series
L Preferred Stock (the “Series L”). Pursuant to the Series L COD, the Company designated 100,000 shares of preferred
stock as Series L. The Series L has a stated value of $1,000 per share, and is convertible into shares of the Company’s
common stock, on the terms and conditions set forth in the Series L COD.
On
February 4, 2021, holders of Series L Preferred Stock converted an aggregate of 8 Series L shares into an aggregate of 410,117
shares, including make-good shares, of the Company’s common stock.
As
previously reported, on May 1, 2020, the Company filed a certificate of designation (the “Series O COD”) of Series
O Preferred Stock (the “Series O”). Pursuant to the Series O COD, the Company designated 2,000 shares of preferred
stock as Series O. The Series O has a stated value of $1,000 per share, and is convertible into shares of the Company’s
common stock, on the terms and conditions set forth in the Series O COD.
On
February 4, 2021, holders of Series O Preferred Stock converted an aggregate of 62.5 Series O shares into an aggregate of 2,067,258
shares of the Company’s common stock.
As
previously reported, on May 1, 2020, the Company filed a certificate of designation (the “Series P COD”) of Series
P Preferred Stock (the “Series P”). Pursuant to the Series P COD, the Company designated 500 shares of preferred
stock as Series P. The Series P has a stated value of $1,000 per share, and is convertible into shares of the Company’s
common stock, on the terms and conditions set forth in the Series P COD.
On
February 4, 2021, holders of Series P Preferred Stock converted an aggregate of 31 Series P shares into an aggregate of 2,430,120
shares of the Company’s common stock.
The securities
above were offered and sold pursuant to an exemption from the registration requirements under Section 4(a)(2) of the Securities
Act for transactions not involving a public offering.
Consultant
Issuances
Between
January 28, 2021 and January 29, 2021, the Company issued to consultants an aggregate of 871,047 shares of the Company’s
common stock for services.
The securities
above were offered and sold pursuant to an exemption from the registration requirements under Section 4(a)(2) of the Securities
Act for transactions not involving a public offering.