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Temporary Equity

9 Months Ended

Sep. 30, 2022

Note 15. Temporary Equity

All Series B, B-1, and C-1 Preferred Stock was converted to Common Stock as of June 30, 2021. There was no activity for Series B, B-1, and C-1 Preferred Stock, which remain at a zero balance, for the three months ended September 30, 2021.

Schedule of temporary equity
	Convertible Preferred Stock
	Series B						Series B-1						Series C-1
	Shares			Amount			Shares			Amount			Shares			Amount
December 31, 2020		216,916		$	1,301,500			467,728		$	3,507,981			255,289		$	4,550,977
Series C-1 Issue for a reduction in stock payables		–			–			–			–			5,413			64,950
Dividend paid in Series B-1 Preferred Stock		–			–			–			–			5,626			–
Conversion of Series B and B-1 Preferred Stock to Common Stock		(216,916	)		(1,301,500	)		(467,728	)		(3,507,981	)		(266,328	)		(4,615,927	)
September 30, 2021		–		$	–			–		$	–			–		$	–

During the year ended December 31, 2021, all shares of Series B, B-1, and C-1 Preferred Stock were converted to common stock.