4. SERIES A CONVERTIBLE PREFERRED STOCK

6 Months Ended

Jun. 30, 2021

Notes

4. SERIES A CONVERTIBLE PREFERRED STOCK

4.     SERIES A CONVERTIBLE PREFERRED STOCK

On January 4, 2021 the Company paid the December 7, 2020 dividends declared on its Series A Convertible Preferred Stock of $168,079. As of June 30, 2021, the aggregate outstanding accumulated arrearages of cumulative dividend was $25,571 or if issued in common shares, 94,710 shares.

The amortization of the increasing dividend rate preferred stock discount for the six months ended June 30, 2021 was $1,798.