Common Stock Transactions |
7. |
Common Stock Transactions |
Year Ending December
31, 2018
During the year ended
December 31, 2018, the Company issued an aggregate of 22,046,608 shares of its common stock as follows:
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The Company issued 9,299,125 shares of its common stock upon the conversion of $579,000 in convertible notes pursuant to the convertible notes conversion prices of $0.05 to $0.08 per share. |
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The Company issued 12,517,773 shares of its common stock upon the exercise of warrants for proceeds of $634,000 at an exercise prices $0.05 per share. |
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The Company issued 179,710 shares of its
common stock upon the exercise of options for proceeds of $13,000 at an exercise price of $0.07 per share.
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The Company issued 50,000 shares of its common stock at a value of $0.24 per share in exchange for services valued $12,000. |
Year Ending December
31, 2017
In August 2017, shareholders
approved an increase in authorized shares of common stock from 300,000,000 to 500,000,000, approved the creation of a new class
of preferred stock, and authorize the Company to issue up to 100,000,000 shares of preferred stock. During the year ended December
31, 2017, the Company issued an aggregate of 35,031,881 shares of its common stock as follows:
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The Company issued 181,355 shares of its common stock upon the private sale of restricted common stock for cash proceeds of $38,000 at a purchase price of $.21 per share. |
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The Company issued 29,986,772 shares of its common stock upon the conversion of $1,528,000 in convertible notes pursuant to the convertible notes conversion prices of $0.05 to $0.48 per share. |
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The Company issued 4,414,000 shares of its common stock upon the exercise of warrants for proceeds of $359,000 at exercise prices of $0.05 to $0.10 per share. |
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The Company issued 449,754 shares of its common stock upon the exercise of options for proceeds of $37,000 at exercise prices of $0.07 to $0.13 per share. |
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