Quarterly report pursuant to Section 13 or 15(d)

7. Common Stock

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7. Common Stock
9 Months Ended
Sep. 30, 2020
Stockholders' Equity Note [Abstract]  
Common Stock
  7. Common Stock

 

During the nine months ended September 30, 2020, the Company issued 10,976,374 shares of its common stock as follows:

 

  · The Company issued 8,094,707 shares of its common stock upon the conversion of $375,000 in convertible notes pursuant to the convertible notes conversion prices of $0.05 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 an 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 an exercise price of $0.05 per share.

 

  · The Company issued 1,666,667 shares of its common stock upon the private sale of restricted common stock for cash proceeds of $25,000 at a purchase price of $0.015 per share along with other considerations.