The company entered a subscription agreement for 2,150 shares of Series D Convertible Preferred Stock, raising $1 million in gross proceeds. A Put Option Agreement allows the investor to require the company to repurchase up to 1,150 Series D shares at $1,000 per share, exercisable one year after the company raises at least $8 million in equity. The company settled $7.583 million in promissory notes by issuing 7,583 shares of Series D Convertible Preferred Stock. The company settled $684,000 in promissory notes by issuing 684 shares of Series E Convertible Preferred Stock. Both Series D and Series E preferred shares have a conversion price of $0.10 per share and include anti-dilution protections.