Quarterly report pursuant to Section 13 or 15(d)

COMMON STOCK SUBSCRIPTION PAYABLE

v3.22.2.2
COMMON STOCK SUBSCRIPTION PAYABLE
9 Months Ended
Sep. 30, 2022
COMMON STOCK SUBSCRIPTION PAYABLE  
COMMON STOCK SUBSCRIPTION PAYABLE

NOTE 11. COMMON STOCK SUBSCRIPTION PAYABLE

 

On July 25, 2022, the Company entered into a Consulting Agreement for professional services primarily focused on business development opportunities to enhance exposure to the Company’s devices and detection systems. The Consultant is operated by a beneficial owner of the Company. The Consulting Agreement commenced on the effective date and will continue through March 1, 2023. The Company is committed to issue 75,000 restricted shares of the Company’s Common Stock to the Consultant for the professional services. The restricted shares are to be issued no later than 30-days from the signing of the Consulting Agreement, or August 24, 2022. As of September 30, 2022, the restricted common shares had not been issue d resulting in a common stock subscription payable due of $70,500.