| Common Stock |
Year Ending December
31, 2025
During the year ended December
31, 2025, the Company issued an aggregate of 114,925,716 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 $606,000 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 36,802,254 shares of its common stock upon the exercise of options and warrants at $0.02 to $0.15 per share, for total proceeds of $1,603,000. |
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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 payables. |
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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. |
Year Ending December
31, 2024
During the year ended December
31, 2024, the Company issued an aggregate of 35,838,409 shares of its common stock as follows:
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The Company issued 32,341,748 shares of its common stock upon the conversion of $1,034,000 in convertible notes, net of unamortized discount of $698,000, pursuant to convertible notes conversion prices of $0.03 to $0.05 per share. |
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The Company issued 1,063,332 shares of its common stock upon the exercise of warrants at $0.04 to $0.07 per share, for total proceeds of $52,000. |
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The Company issued 433,329 shares of its common stock upon the cashless exercise of warrants at $0.02 to $0.06 per share for $18,000, which were applied to the settlement of accounts payable. |
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The Company issued 2,000,000 shares of its common stock upon services with a fair value of $140,000, at $0.07 per share. |
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