Disclosure Statement Pursuant to the Pink Basic Disclosure Guidelines
LAMPERD LESS LETHAL, INC.
1200 Michener Road
Sarnia, Ontario, Canada N7S 4B1
Telephone: (519) 344-4445
Website: lamperdlesslethal.com
Company Email:barry@lamperdlesslethal.com
SIC Code: 3489
Annual Report
For the Period Ending: December 31, 2021
(the "Reporting Period")
As of February 8, 2022, the number of shares outstanding of our Common Stock was:
255,780,568
As of September 30, 2021, the number of shares outstanding of our Common Stock was:
255,780,568
As of December 31, 2020, the number of shares outstanding of our Common Stock was:
235,230,568
Indicate by check mark whether the company is a shell company (as defined in Rule 405 of the Securities Act of 1933 and Rule 12b-2 of the Exchange Act of 1934):
Yes: ☐ | No: ☒ |
Indicate by check mark whether the company's shell status has changed since the previous reporting period:
Yes: ☐ | No: ☒ |
Indicate by check mark whether a Change in Control1 of the company has occurred over this reporting period:
Yes: ☐ | No: ☒ |
- Name and address(es) of the issuer and its predecessors (if any)
In answering this item, provide the current name of the issuer any names used by predecessor entities, along with the dates of the name changes.
Lamperd Less Lethal, Inc. 3/21/05
Sinewire Networks, Inc. 10/4/01 to 3/21/05
1 "Change in Control" shall mean any events resulting in:
- Any "person" (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becoming the "beneficial owner" (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company's then outstanding voting securities;
- The consummation of the sale or disposition by the Company of all or substantially all of the Company's assets;
- A change in the composition of the Board occurring within a two (2)-year period, as a result of which fewer than a majority of the directors are directors immediately prior to such change; or
- The consummation of a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or its parent) at least fifty percent (50%) of the total voting power represented by the voting securities of the Company or such surviving entity or its parent outstanding immediately after such merger or consolidation.
The state of incorporation or registration of the issuer and of each of its predecessors (if any) during the past five years; Please also include the issuer's current standing in its state of incorporation (e.g. active, default, inactive):
Nevada October 4, 2001 Company is Active and in Good Standing
Describe any trading suspension orders issued by the SEC concerning the issuer or its predecessors since inception:
None
List any stock split, stock dividend, recapitalization, merger, acquisition, spin-off, or reorganization either currently anticipated or that occurred within the past 12 months:
None
The address(es) of the issuer's principal executive office:
1200 Michener Road, Sarnia, Ontario, Canada N7S4B1
The address(es) of the issuer's principal place of business:
Check box if principal executive office and principal place of business are the same address: ☒
Has the issuer or any of its predecessors been in bankruptcy, receivership, or any similar proceeding in the past five years?
Yes: ☐ | No: ☒ |
If this issuer or any of its predecessors have been the subject of such proceedings, please provide additional details in the space below:
- Security Information
Trading symbol: | LLLI | |||
Exact title and class of securities outstanding: | Common Stock | |||
CUSIP: | 513665 10 9 | |||
Par or stated value: | 0.001 | |||
Total shares authorized: | 1,000,000,000as of date: January 31, 2005 | |||
Total shares outstanding: | 253,280,568as of date: December 31, 2021 | |||
Number of shares in the Public Float2: | 227,730,568 | as of date: December 31, 2021 | ||
Total number of shareholders of record: | 78 | as of date: December 31, 2021 | ||
Transfer Agent | ||||
Name: | Nevada Agency and Transfer Company | |||
Phone: | 775-322-0626 | |||
Email: | Tiffany@natco.com | |||
Address: 50 West Liberty St, Suite 880 | ||||
Reno, NV 89501 | ||||
Is the Transfer Agent registered under the Exchange Act?3 Yes: ☒ | No: ☐ |
- Issuance History
- "Public Float" shall mean the total number of unrestricted shares not held directly or indirectly by an officer, director, any person who is the beneficial owner of more than 10 percent of the total shares outstanding (a "control person"), or any affiliates thereof, or any immediate family members of officers, directors and control persons.
- To be included in the Pink Current Information tier, the transfer agent must be registered under the Exchange Act.
The goal of this section is to provide disclosure with respect to each event that resulted in any direct changes to the total shares outstanding of any class of the issuer's securities in the past two completed fiscal years and any subsequent interim period.
Disclosure under this item shall include, in chronological order, all offerings and issuances of securities, including debt convertible into equity securities, whether private or public, and all shares, or any other securities or options to acquire such securities, issued for services. Using the tabular format below, please describe these events.
A. Changes to the Number of Outstanding Shares
Check this box to indicate there were no changes to the number of outstanding shares within the past two completed fiscal years and any subsequent periods: ☐
Shares Outstanding as of Second Most Recent | |||||||||
Fiscal Year End: | *Right-click the rows below and select "Insert" to add rows as needed. | ||||||||
Opening Balance | |||||||||
Date 12/31/19 | Common: 226,630,568 | ||||||||
Preferred: 0 | |||||||||
Date of | Transaction | Number of | Class of | Value of | Were the | Individual/ Entity | Reason for share | Restricted or | Exemption |
Transaction | type (e.g. new | Shares | Securities | shares | shares | Shares were | issuance (e.g. for | Unrestricted | or |
issuance, | Issued (or | issued | issued at | issued to | cash or debt | as of this | Registration | ||
cancellation, | cancelled) | ($/per | a discount | (entities must | conversion) | filing. | Type. | ||
shares | share) at | to market | have individual | -OR- | |||||
returned to | Issuance | price at | with voting / | Nature of | |||||
treasury) | the time | investment | Services | ||||||
of | control | Provided | |||||||
issuance? | disclosed). | ||||||||
(Yes/No) | |||||||||
04/28/20 | New | 2,500,000 | Common | .004 | Yes | Larry Sauls | Stock Purchase | Restricted | 144 |
5/28/20 | New | 2,000,000 | Common | .0077 | No | Gary Reid | Consultant | Restricted | 144 |
7/14/20 | New | 2,100,000 | Common | .0085 | No | Corporate Ads | Consultant | Restricted | 144 |
LLC Henry | |||||||||
Zemla | |||||||||
7/14/20 | New | 2,000,000 | Common | .0085 | No | Colonial | Consultant | Restricted | 144 |
Consultants | |||||||||
LLC Joseph | |||||||||
Scriffignano | |||||||||
6/9/21 | New | 13,000,000 | Common | .018 | No | 1109630 | Accrued Rent | Restricted | 144 |
Ontario Limited | |||||||||
Dominic Dicarlo | |||||||||
6/9/21 | New | 2,000,000 | Common | .018 | No | Dominic Dicarlo | Services | Restricted | 144 |
6/23/21 | New | 2,500,000 | Common | .0193 | No | Hank Zelma | Consultant | Restricted | 144 |
6/24/21 | New | 500,000 | Common | .01 | Yes | Stephen | Stock Purchase | Restricted | 144 |
Malyniak | |||||||||
6/29/21 | New | 2,500,000 | Common | .0173 | No | Colonial | Consultant | Restricted | 144 |
Consultants | |||||||||
LLC Joseph | |||||||||
Scriffignano | |||||||||
Shares Outstanding on Date of This Report:
Ending Balance
Ending Balance:
Date 12/31/2021Common: 255,780,568
Preferred: 0
Example: A company with a fiscal year end of December 31st, in addressing this item for its quarter ended June 30, 2021, would include any events that resulted in changes to any class of its outstanding shares from the period beginning on January 1, 2019 through June 30, 2021 pursuant to the tabular format above.
Use the space below to provide any additional details, including footnotes to the table above:
B. Debt Securities, Including Promissory and Convertible Notes
Use the chart and additional space below to list and describe all outstanding promissory notes, convertible notes, convertible debentures, or any other debt instruments that may be converted into a class of the issuer's equity securities.
Check this box if there are no outstanding promissory, convertible notes or debt arrangements: ☐
Date of | Outstanding | Principal | Interest | Maturity | Conversion Terms (e.g. | Name of Noteholder | Reason for |
Note | Balance ($) | Amount | Accrued | Date | pricing mechanism for | (entities must have | Issuance (e.g. |
Issuance | at | ($) | determining conversion of | individual with voting | Loan, Services, | ||
Issuance | instrument to shares) | / investment control | etc.) | ||||
($) | disclosed). | ||||||
12/29/2020 | 0 | 1,131 | 0 | Demand | None | Edward Bogats Jr | Loan |
11/30/20 | 6,050 | 2,850 | 0 | Demand | None | Gary Reid | Loan |
6/30/2019 | 197,414 | 197,414 | 0 | Demand | None | Robert Sauls | Loan |
12/31/2020 | 713,700 | 848,476 | 0 | Demand | None | 1109630 Ontario LTD | Corp expenses |
Dominic Di Carlo | |||||||
3/31/2021 | 1,707 | 1,387 | 0 | Demand | None | Barry Lamperd | Corp expenses |
Use the space below to provide any additional details, including footnotes to the table above:
- Financial Statements
A. The following financial statements were prepared in accordance with:
☒ U.S. GAAP ☐ IFRS
- The financial statements for this reporting period were prepared by (name of individual)4:
Name: | Terri's Desktop Bookkeeping |
Title: | None |
Relationship to Issuer: | Independent |
Provide the financial statements described below for the most recent fiscal year or quarter. For the initial disclosure statement (qualifying for Pink Current Information for the first time) please provide reports for the two previous fiscal years and any subsequent interim periods.
4 The financial statements requested pursuant to this item must be prepared in accordance with US GAAP or IFRS by persons with sufficient financial skills.
- Balance Sheet;
- Statement of Income;
- Statement of Cash Flows;
- Statement of Retained Earnings (Statement of Changes in Stockholders' Equity)
- Financial notes; and
- Audit letter, if audited
You may either (i) attach/append the financial statements to this disclosure statement or (ii) file the financial statements through OTCIQ as a separate report using the appropriate report name for the applicable period end. ("Annual Report," "Quarterly Report" or "Interim Report").
If you choose to publish the financial statements in a separate report as described above, you must state in the accompanying disclosure statement that such financial statements are incorporated by reference. You may reference the document(s) containing the required financial statements by indicating the document name, period end date, and the date that it was posted to OTCIQ in the field below. Financial Statements must be compiled in one document.
Financial statement information is considered current until the due date for the subsequent report (as set forth in the qualifications section above). To remain qualified for Current Information, a company must post its Annual Report within 90 days from its fiscal year-end date and Quarterly Reports within 45 days of each fiscal quarter-end date.
- Issuer's Business, Products and Services
The purpose of this section is to provide a clear description of the issuer's current operations. In answering this item, please include the following:
- Summarize the issuer's business operations (If the issuer does not have current operations, state "no operations")
Lamperd Less Lethal, Inc. is a developer, manufacturer and international sales company for advanced less lethal weapons, ammunition and other security products marketed to police, correctional, military, and private security forces. The company manufactures and sells over 300 different products including small & large caliber projectile guns, flash-bang devices, pepper spray devices, 37mm & 40mm launching systems and interlocking riot shields. Lamperd also offers advisory services and hands-on training classes run by highly accredited instructors.
We have been granted a Canadian Business Firearms License, which allows the Company to manufacture, repair, store import. Export and sell its proprietary products.
-
Please list any subsidiaries, parents, or affiliated companies.
The Company includes its wholly owned subsidiary 14762246 Ontario Limited in its consolidated financial statements. - Describe the issuers' principal products or services.
Our principal product is the Defender series of launchers, a "revolving shotgun" launcher model RSG 20 and the Military Peacekeeper model combining lethal and less lethal technologies in one launcher. The launchers fire five rounds except for the Homeland Defender which fires two rounds. The five types of munitions developed for use by the launchers, as well as certain conventional weapons consist of sock rounds, WASP synthetic rounds, distractional rounds, liquid incapacitant rounds and training rounds. We also market various strength less lethal grenades.
We have been granted a Canadian Business Firearms License, which allows the Company to manufacture, repair, store, export, and sell our proprietary products. In 2020, we introduced a vehicle rooftop pepper spray device that can disburse crowds up to 80 ft. Our launcher products were also reclassified by the United State Alcohol, Tobacco and Firearms Agency allowing us to more easily sell our products in the United States.
The Market
Our market is primarily comprised of military forces and law enforcement organizations in the U.S. and Canada We have spent significant time in marketing in Europe and the Middle East.
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Lamperd Less Lethal Inc. published this content on 21 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 March 2022 15:48:02 UTC.