Quarterly report pursuant to Section 13 or 15(d)

Shareholders' Equity

Shareholders' Equity	9 Months Ended
Sep. 30, 2020
Equity [Abstract]
Shareholders' Equity	9. Shareholders’ Equity Common Stock On May 1, 2020, the Company issued (i) 9,200,000 shares of Common Stock and (ii) warrants to acquire 9,200,000 shares of Common Stock in connection with its acquisition of Noachis Terra Inc. See Note 4. Acquisition. As of September 30, 2020, 5,680,114 warrants had been exercised resulting in the issuance 5,680,114 of shares of Common Stock. See Note 6. Warrants. Preferred Stock Series C Non-Voting, Non- Convertible Preferred Stock Each issued and outstanding share of Series C Preferred Stock entitles the holder of record to receive dividends at the annual rate of twelve percent (12%) (the “Initial Rate”) of its Stated Value, payable by issuing additional shares of Series C Preferred Stock within thirty days after the end of each calendar year pro-rata for partial years. The Initial Rate was increased to twenty percent (20%) automatically after May 10, 2019.

Shareholders' Equity

9 Months Ended

Sep. 30, 2020

9. Shareholders’ Equity

Common Stock

On May 1, 2020, the Company issued (i) 9,200,000 shares of Common Stock and (ii) warrants to acquire 9,200,000 shares of Common Stock in connection with its acquisition of Noachis Terra Inc. See Note 4. Acquisition.

As of September 30, 2020, 5,680,114 warrants had been exercised resulting in the issuance 5,680,114 of shares of Common Stock. See Note 6. Warrants.

Preferred Stock

Series C Non-Voting, Non- Convertible Preferred Stock

Each issued and outstanding share of Series C Preferred Stock entitles the holder of record to receive dividends at the annual rate of twelve percent (12%) (the “Initial Rate”) of its Stated Value, payable by issuing additional shares of Series C Preferred Stock within thirty days after the end of each calendar year pro-rata for partial years. The Initial Rate was increased to twenty percent (20%) automatically after May 10, 2019.