Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

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Subsequent Events
3 Months Ended
Mar. 31, 2024
Subsequent Events [Abstract]  
Subsequent Events

 

  10. Subsequent Events

 

In May 2024, the Company issued convertible promissory notes in the aggregate of $23,000 for cash proceeds of $21,000, net of OID $2,000. The notes are unsecured, with a 10% original issue discount, mature in twelve months from issuance, and are convertible into 770,000 shares of the Company’s common stock at $0.03 per share. In addition, the Company granted the note holders warrants to purchase 770,000 shares of the Company’s common stock at $0.04 per share. The warrants are fully vested and expire one year from the date of issuance.