18. SUBSEQUENT EVENTS‌

Convertible Debt Amendment and Conversion

On May 2, 2022, the Company entered into a letter agreement with the holders of GGH Notes (the “Letter Agreement”). The Letter Agreement provides for the reduction of the conversion price for shares of the Company’s common stock from $3.50 to $1.35 between May 3, 2022 through May 13, 2022. Further, On May 12, 2022, the Company entered into a conversion agreement with the holders of GGH Notes (the “Conversion Agreement”) pursuant to which the parties agreed to reduce the Conversion Price to $0.95 and the holders of GGH Notes have committed to converting up to 4.90% of the outstanding shares of common stock of the Company.

During the period from May 2, 2022 through May 11, 2022, principal, interest and fees in the amount of $357,498 was converted into 264,813 shares of common stock at a conversion price of $1.35 per share. On May 13, 2022 principal, interest and fees in the amount of $1,165,099 was converted into 1,226,420 shares of common stock at conversion price of $0.95 per share, of which 595,165 shares were issued as pre-delivery shares on November 9, 2022 and the remaining 630,255 shares were issued on May 13, 2022.

Common Stock Issued

From April 19, 2022 through May 11, 2022, , the Company sold 55,917 shares of the Company’s common stock to for aggregate gross proceeds of $68,050 less cash offering costs of $5,444.

Foreign Currency Exchange Rates

The Argentine Peso to United States Dollar exchange rate was 117.3984, 110.9297 and 102.6834 at May 14, March 31, 2022, and December 31, 2021, respectively.

The British pound to United States dollar exchange rate was 0.8154, 0.7613 and 0.7340 at May 14, March 31, 2022, and December 31, 2021, respectively.