Note 16 – Subsequent Events

Series A Preferred Stock Conversions

On April 6, 2021, a shareholder converted 30,000 shares of Series A Preferred Stock into 3,000,000 shares of common stock.

Preferred Stock Sales

On various dates in May, 2021, the Company received total proceeds of $50,010 from the sale of an aggregate of 3,334 shares of Series B Preferred Stock at a price of $15.00 per share to trusts whose beneficiaries are adult children of Isiah L. Thomas III’. Mr. Thomas disclaims beneficial ownership of the shares held by these trusts.

On April 19, 2021, the Company received proceeds of $250,005 from ISIAH International pursuant to the sale of 16,667 shares of Series B Preferred Stock at a price of $15.00 per share pursuant to the February 7, 2021 Purchase Agreement.

On April 5, 2021, the Company received proceeds of $249,990 from ISIAH International pursuant to the sale of 16,666 shares of Series B Preferred Stock at a price of $15.00 per share pursuant to the February 7, 2021 Purchase Agreement.

Common Stock Issued on Subscriptions Payable

On April 7, 2021, the Company issued 1,000,000 shares of common stock to a Series A Preferred Stockholder pursuant to a March 24, 2021 conversion of 10,000 shares of Series A Preferred Stock. Prior to the issuance, the fair value of such shares was reflected on the Company’s balance sheet as subscriptions payable in the amount of $100,000.

Common Stock Issued for Services

On May 12, 2021, the Company entered into a Settlement Agreement with COR Prominence, LLC. Pursuant to the Settlement Agreement, the Company issued 118,150 shares of common stock. In addition, the Company engaged COR Prominence, LLC to provide investor relation services to the Company, in consideration for the payment of $7,500 per month in cash, and $5,000 per month with shares of Common Stock of the Company valued at 125% of the closing price of the Common Stock of the Company on the date of issuance.