Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
On November 12, 2021, an affiliate of BitNile Holdings, Inc. ("BitNile") loaned
us $500,000 (the "Bridge Loan") for general corporate purposes, including
operating expenses. We borrowed an additional $300,000 on January 7, 2022 and an
additional $500,000 on April 5, 2022, and the outstanding principal amount of
the Bridge Loan was $1,300,000. The principal amount of the Bride Loan bears
interest at 10.0%. The promissory notes evidencing the Bridge Loan were
consolidated into an amended and restated secured promissory note on April 5,
2022 and was scheduled to mature on November 12, 2022.
On November 20, 2022, BitNile extended the maturity date of the Bridge Loan from
November 12, 2022 to February 14, 2023, effective as of October 28, 2022. All
other terms of the Bridge Loan remain unchanged.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibits
Exhibit No. Description of Exhibit Form Date Number Filed
10.1 Amended and Restated Secured Promissory Note 8-K 04/11/22 10.3 Filed
dated as April 5, 2022
104 Cover Page Interactive Data File (embedded within
the Inline XBRL Document)
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