NOTE 13 — SUBSEQUENT EVENTS

On November 25, 2024, the Company and Norman Consulting entered into the November 2024 Agreement. As compensation for services rendered by Norman Consulting to the Company in connection with the November 2024 Agreement, the Company shall pay Norman Consulting an annual consulting fee of $250,000, which shall be paid in equal monthly installments. Further, Norman Consulting shall be entitled to receive payments upon the occurrence of transformative transaction as defined in the November 2024 Agreement. The Company also agreed to compensate Norman Consulting for its past services to the Company from March 2024 to October 2024 by (i) issuing 19,779 restricted shares of the Company’s common stock to Norman Consulting and (ii) paying a lump-sum cash payment of $65,000 to Norman Consulting.

On November 27, 2024, the Company entered into a Securities Purchase Agreement with certain investors providing for the issuance and sale by the Company in a registered direct offering an aggregate of 1,457,700 shares of the Company’s common stock, $0.001 par value per share at a purchase price of $7.00 per share and warrants to purchase up to 728,850 shares of Common Stock at an exercise price of $9.50 per share (the “November 2024 Warrants”). Each November 2024 Warrant is exercisable six months from the date of issuance (November 27, 2024) and has a term expiring three years after the initial issuance date.