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SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2021
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

 

13.SUBSEQUENT EVENTS

 

Subsequent to December 31, 2021, the Company received $70,000 cash as a result of exercise of Class R warrants at an exercise price of $0.045 per common share. Ownership of these warrants had been in the hands of a related party and were sold by him personally to unrelated parties. The unrelated parties then exercised the warrants for cash, resulting in the issuance of 1,555,555 common shares.

 

On January 20, 2022, the Company repaid a total of $25,000 in expense reimbursements to Mr. Gallagher, a related party.

 

Subsequent to December 31, 2021, the Company received $33,158 cash as a result of exercise of Class T warrants at an exercise price of $0.03 per common share, resulting in the issuance of 1,105,262 common shares.