4. SERIES A CONVERTIBLE PREFERRED STOCK

3 Months Ended

Mar. 31, 2022

Notes

4. SERIES A CONVERTIBLE PREFERRED STOCK

4.     SERIES A CONVERTIBLE PREFERRED STOCK

On January 3, 2022 we paid the December 9, 2021 dividends declared on our Series A Convertible Preferred Stock of $51,143. As of March 31, 2022, the aggregate outstanding accumulated arrearages of cumulative dividend was $14,206 or if issued in common shares, 25,830 shares.

The amortization of the increasing dividend rate preferred stock discount for the three months ended March 31, 2022 was $899.