Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

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Subsequent Events
6 Months Ended
Jun. 30, 2024
Subsequent Events [Abstract]  
Subsequent Events

 

  10. Subsequent Events

 

In July and August 2024, the Company issued convertible promissory notes in the aggregate of $164,000 for cash proceeds of $149,000, net of OID $15,000. The notes are unsecured, with an 10% OID, mature in twelve months from issuance, and are convertible into 5,464,642 sh ares of the Company’s common stock at $0.03 per share. In addition, the Company granted the note holders warrants to purchase 5,464,642 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.