4. SERIES A CONVERTIBLE PREFERRED STOCK

9 Months Ended

Sep. 30, 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 September 30, 2022, the aggregate outstanding accumulated arrearages of cumulative dividend was $42,619 or if issued in common shares, 80,414 shares.

The amortization of the increasing dividend rate preferred stock discount for the nine months ended September 30, 2022 was $2,430.