Company: EBZT
Filing Date: 2025-01-27
Form Type: 10-Q
Source: 0001477932-25-000477
Chunk: 33

Company: Everything Blockchain, Inc.
Filing Date: 2025-01-27
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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. As of October 31, 2024, the note balance is $1.3 million. Monthly interest only payments at an annual rate of 4% will be made through the maturity date of February 1, 2025. If interest payments are made late after the cure period, the interest due shall be recalculated at the highest rate authorized by Florida law, which is 18% per annum. Epic in its sole discretion, at any time prior to the maturity date, may convert the principal, partial principal, and/or interest due into shares of the Company’s common stock at a static price of $1.00 per share.  Equity During the nine months ended October 31, 2024, in a series of transactions, the Company sold a total of 903,387 shares of common stock for $0.5 million to OEM partner, Alamo City Engineering Services, Inc. (“ACES”), which is owned by a former board member Craig Stephens. 

Note 11. Stockholders’ Equity Common Stock As of October 31, 2024 and January 31, 2024, the Company had 200 million common shares authorized. As of  October 31, 2024, the Company had 23,679,886 shares issued and outstanding. As of January 31, 2024, the Company had 16,902,546 common shares issued and outstanding.  On April 9, 2024, we sold 50,000 shares of common stock to a third party for $28,500. On May 15, 2024, ACES elected to convert 1,052,632 shares of Series C Preferred Stock into 4,095,948 shares of common stock. During the nine months ended October 31, 2024, the Company issued 241,735 shares of common stock for services that totaled $0.2 million. During the nine months ended October 31, 2024, in a series of transactions, the Company sold a total of 903,387 shares of common stock for $0.5 million to ACES.  During the three and nine months ended October 31, 2024, stock-based compensation expense related to stock grants was $0 and $37,000, respectively, from a grant to an employee. During the three and nine months ended October 31, 2023, stock-based compensation expense related to stock grants was $75,