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Common Stock
 12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Common Stock

 

8. Common Stock

 

Year Ending December 31, 2024

 

During the year ended December 31, 2024, the Company issued an aggregate of 35,838,409 shares of its common stock as follows:

 

  · The Company issued 32,341,748 shares of its common stock upon the conversion of $1,034,000 in convertible notes, net of unamortized discount of $698,000, pursuant to convertible notes conversion prices of $0.03 to $0.05 per share.
     
  · The Company issued 1,063,332 shares of its common stock upon the exercise of warrants at $0.04 to $0.07 per share, for total proceeds of $52,000.
     
  · The Company issued 433,329 shares of its common stock upon the cashless exercise of warrants at $0.02 to $0.06 per share for $18,000, which were applied to the settlement of accounts payable.
     
  · The Company issued 2,000,000 shares of its common stock upon services with a fair value of $140,000, at $0.07 per share.

 

Year Ending December 31, 2023

 

During the year ended December 31, 2023, the Company issued an aggregate of 16,512,375 shares of its common stock as follows:

 

  · The Company issued 15,129,048 shares of its common stock upon the conversion of $646,000 in convertible notes at $0.03 to $0.05 per share, net of unamortized discount of $296,000.

 

  · The Company issued 1,383,327 shares of its common stock upon the exercise of warrants of $52,000, at $0.04 to $0.07 per share.