Annual report pursuant to Section 13 and 15(d)

7. Common Stock

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7. Common Stock
12 Months Ended
Dec. 31, 2020
Stockholders' Equity Note [Abstract]  
Common Stock
7. Common Stock Transactions

 

Year Ending December 31, 2020

 

During the year ended December 31, 2020, the Company issued an aggregate of 13,069,707 shares of its common stock as follows:

 

  · The Company issued 2,000,000 shares of its common stock upon the private sale for proceeds of $30,000 valued at $0.015 per share.

 

  · The Company issued 9,854,707 shares of its common stock upon the conversion of $410,000 in convertible notes pursuant to the convertible notes conversion prices of $0.02 to $0.15 per share.

 

  ·

The Company issued 1,155,000 shares of its common stock upon the exercise of warrants for proceeds of $58,000 at exercise price of $0.05 per share.

 

  · The Company issued 60,000 shares of its common stock upon the exercise of options for proceeds of $3,000 at exercise price of $0.05 per share.

 

Year Ending December 31, 2019

 

During the year ended December 31, 2019, the Company issued an aggregate of 53,988,021 shares of its common stock as follows:

 

  · The Company issued 42,570,331 shares of its common stock upon the conversion of $2,373,000 in convertible notes pursuant to the convertible notes conversion prices of $0.05 to $0.48 per share.

 

  · The Company issued 10,629,493 shares of its common stock upon the exercise of warrants for proceeds of $577,000 at an exercise prices $0.05 to $0.15 per share.

 

  ·

The Company issued 538,197 shares of its common stock upon the exercise of options for proceeds of $71,000 at an exercise price of $0.08 to $0.18 per share.

 

  · The Company issued 250,000 shares of its common stock at a value of $0.27 per share or $68,000 in exchange for services rendered.