Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

As more fully described in Item 1.01 and Item 3.02 above, upon conversion of our Series A, Series B-1, Series B-2 and 18 shares of our Series D Preferred Stock expected to be converted we expect to file a Certificate of Cancellation with the Secretary of State of the State of Nevada eliminating such series from our authorized series of preferred stock.

On January 22, 2021, our Board of Directors authorized a possible reverse split of our common stock at a ratio of between 1 share for every 40 shares held and 1 share for every 50 shares held, to be determined in the further discretion of the Board. The reverse split is subject to approval by our shareholders unless the number of authorized shares of our capital stock is reduced proportionately in accordance with Nevada law, and may be authorized, if at all, in connection with a recapitalization required in connection with an acquisition or similar event. The timing of shareholder approval, whether the reverse split will ultimately be approved by our shareholders, and the ratio is currently unknown.








Item 7.01
Regulation FD Disclosure.

On January 25, 2021, we released the press release furnished herewith as Exhibit 99.1. The Company also reiterated that it is exploring strategic alternatives which could include one or more mergers or acquisitions in related or unrelated businesses, asset disposals, and refinancings.

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