Stockholders' Equity | Note 9. Shareholders’ Equity Conversions to common stock During nine months ended October 31, 2020, the holders of our convertible notes elected to convert principal and interest into shares of common stock as detailed below: Date Amount Number of March 3, 2020 $ 9,500 30,645,161 March 20, 2020 5,800 32,222,222 April 1, 2020 3,800 31,666,667 April 3, 2020 3,800 31,666,667 April 13, 2020 3,800 31,666,667 April 16, 2020 4,400 36,666,667 April 20, 2020 4,800 40,000,000 April 24, 2020 4,800 40,000,000 April 27, 2020 4,800 40,000,000 May 7, 2020 4,800 40,000,000 May 11, 2020 4,820 40,166,667 May 13, 2020 4,800 40,000,000 May 18, 2020 6,200 51,666,667 May 20, 2020 6,200 51,666,667 May 21, 2020 6,200 51,666,667 May 26, 2020 6,200 51,666,667 May 26, 2020 6,200 51,666,667 May 27, 2020 6,200 51,666,667 May 27, 2020 2,720 22,666,667 Total $ 99,840 767,367,387 During nine months ended July 31, 2019, the holders of our convertible notes elected to convert principal and interest into shares of common stock as detailed below: Date Amount Number of February 21, 2019 $ 10,856 981,959 March 7, 2019 10,889 989,899 March 28, 2019 8,748 1,060,417 April 9, 2019 7,296 1,326,599 April 30, 2019 11,009 2,042,466 May 9, 2019 10,000 1,639,344 May 17, 2019 8,600 2,000,000 May 20, 2019 8,600 2,000,000 May 28, 2019 7,750 2,236,589 May 31, 2019 8,200 2,000,000 June 3, 2019 8,200 2,000,000 June 5, 2019 6,800 2,000,000 June 5, 2019 7,761 2,565,511 June 7, 2019 6,600 2,000,000 June 10, 2019 6,000 2,000,000 June 12, 2019 7,773 5,047,474 June 12, 2019 4,600 2,000,000 June 13, 2019 6,900 3,000,000 June 13, 2019 7,800 3,391,304 June 14, 2019 7,800 3,391,304 June 14, 2019 7,404 5,049,494 June 17, 2019 5,300 4,076,923 June 18, 2019 5,300 4,076,923 June 18, 2019 5,942 5,144,165 June 20, 2019 4,900 4,083,333 June 21, 2019 1,520 1,551,020 June 21, 2019 8,428 9,577,773 July 1, 2019 4,700 4,795,918 July 1, 2019 4,700 4,795,918 July 2, 2019 4,700 4,795,918 July 3, 2019 4,700 4,795,918 July 8, 2019 6,300 6,428,571 July 8, 2019 6,200 6,326,531 July 9, 2019 6,300 6,428,571 July 10, 2019 1,920 2,086,957 July 23, 2019 9,122 13,820,803 July 26, 2019 8,278 12,543,030 August 1, 2019 8,608 13,041,818 August 12, 2019 13,527 18,918,755 August 21, 2019 11,741 15,247,623 August 29, 2019 11,491 16,070,713 September 3, 2019 11,496 16,077,622 September 6, 2019 11,456 16,022,559 September 12, 2019 11,792 16,492,308 September 25, 2019 10,000 25,000,000 September 26, 2019 12,684 28,826,568 October 4, 2019 10,930 33,122,485 October 11, 2019 6,471 19,608,091 October 16, 2019 8,700 29,000,000 October 24, 2019 9,462 28,671,727 Total $ 396,252 420,150,901 No gain or loss was recognized on the above conversions as they occurred within the terms of the agreement which provided for conversion. Series G convertible preferred stock In nine months ended October 31, 2020, the Company issued 200,700 shares of Series G convertible preferred stock and received cash proceeds of $170,000. The Series G convertible preferred stock has a stated value of $1.00 per share, carries no voting rights and earns dividends of 8% per annum on the stated value of the stock. Dividends are payable on liquidation, redemption or conversion. The Series G convertible preferred stock is redeemable at the option of the Company during the first nine months it is outstanding at a premium of between 3% and 33% depending on the date of redemption. After the stock has been outstanding for nine months, it is convertible into common stock of the Company at a 29% discount to the market value of the common stock. The Series G convertible preferred stock is included in mezzanine equity on the condensed consolidated balance sheet, because it is redeemable by the holders upon certain events of default which are not within the Company’s control. The $30,000 difference between the stated value of the stock and the proceeds received has been recognized as a deemed dividend to the preferred shareholders. During the nine months ended October 31, 2020, the Company accrued dividends of $700. Series B convertible preferred stock During the nine months ended October 31, 2020, the Company received $50,000 for the subscription of 10,000 shares of Series B convertible preferred stock. These shares have not been formally designated and have not been issued as of October 31, 2020. The $50,000 proceeds was included as preferred stock subscribed but not issued in the condensed consolidated balance sheet as of October 31, 2020. Subsequent Event Subsequent event - Series C convertible preferred stock In November 2020, the Company issued 40,000 shares of Series C convertible preferred stock in exchange for cash proceeds of $200,000. The Series C convertible preferred stock carries no voting rights, has a stated value of $5.00 per share and is convertible at the option of the holder into 38 shares of common stock of the Company per share of Series C convertible preferred stock. The holders of the Series B convertible preferred stock receive dividends of 10% of the earnings of the Company’s subsidiary, Vivis. |