During the six months ended June
30, 2026, the Company issued 21,205,258 shares of its common stock as follows:
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The Company issued 2,733,513, shares of its common stock upon the conversion of $212,000 in convertible notes and $21,000 of accrued interest, net of unamortized discount of $0.10, pursuant to convertible notes with a conversion price of $0.08 to $0.15. |
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The Company issued 14,071,747 shares of its common stock upon the exercise of stock options and warrants resulting in proceeds to the Company of $1,342,000 based on conversion prices ranging from $0.03 to $0.10 per share. |
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The Company issued 199,998 shares of its common stock upon the cashless exercise of warrants at $0.09 to $0.16 per share for $25,000, which were applied to the settlement of vendor accounts payable. |
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The Company issued 3,450,000 shares of its common stock for services of $345,000 valued at $0.10 per share. |
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The Company issued 750,000 shares of its common stock to an employee as compensation with a fair value of $75,000. |
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