Quarterly report [Sections 13 or 15(d)]

SUBSEQUENT EVENTS

v3.25.1
SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2025
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

NOTE 9 - SUBSEQUENT EVENTS

 

Exchange Agreements

 

In April 2025 the Company entered into two additional Exchange Agreements with participants in the Participation Agreements.  The Company issued 15,280 shares of stock valued at $230,020 in exchange for the extinguishment of two additional Participation Agreements. See NOTE 4 - DEFERRED R&D OBLIGATIONS - PARTICIPATION AGREEMENTS.

 

Private Sales of Equity

 

The Company sold and issued 7,144 shares of common stock in one private transaction to an investor for total proceeds of $100,000.