Company: EBZT
Filing Date: 2025-01-27
Form Type: 10-Q
Source: 0001477932-25-000477
Chunk: 51

Company: Everything Blockchain, Inc.
Filing Date: 2025-01-27
Form: 10-Q
Item: Part I, Item 2
Chunk 51
---
.

Item 1A. Risk Factors

As a smaller reporting company, we are not required to provide the information required by this Item.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 

On April 9, 2024, we sold 50,000 shares of common stock to a third party for $28,500.

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. 

Item 3. Defaults Upon Senior Securities

The Company was in default on its senior-secured note.  On November 22, 2024, the Company entered an agreement to settle payment of this note.  In addition, the Company had defaulted on its loan with 1800 Diagonal Lending.  This note was acquired by Epic Industry Corp and was taken out of default until March 31, 2025.

Item 4. Mine Safety Disclosures

There have been no events that are required to be reported under this Item.

Item 5. Other Information

There have been no events that are required to be reported under this Item.

 22Table of Contents

Item 6. Exhibits

31.1 Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002   31.2 Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002   32.1 Certification of Principal Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002   32.2 Certification of Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

101.INS  Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document).   101.SCH  Inline XBRL Taxonomy Extension Schema Document.   101.CAL  Inline XBRL Taxonomy Extension Calculation Linkbase Document.    101.DEF  Inline XBRL Taxonomy Extension Definition Linkbase Document.   101.LAB