Note 12. Subsequent Events

The Company has evaluated all events that occurred after the date of the financial statements and through the date of issuance to determine if they must be reported. Management has determined that other than those disclosed below, there were no additional reportable subsequent events to be disclosed.

Issuance of Shares for Note Conversions

Between April 2, 2025 and May 12, 2025, the Company issued an aggregate 1,302,948 shares of common stock for the conversion of $600,086 in principal and accrued interest on its convertible loans.

Issuance of Shares as settlement of other obligations

On May 1, 2025, the Company issued 230,000 shares of common stock valued at $138,000  as part of a stock settlement agreement for payment of its obligation under its judgement from Core IR.

Nasdaq Notices

On April 10, 2025, Nasdaq notified the Company that based upon the Company’s closing bid price for the last 30 consecutive business days (February 26, 2025 through April 9, 2025), the Company no longer meets the listed securities requirement to maintain a minimum bid price of $1 per share pursuant to Nasdaq Rules 5550(a)(2) and 5810(c)(3)(A). However, the Nasdaq Rules provide a compliance period of 180 calendar days, through October 7, 2025, in which to regain compliance.

The Company is currently monitoring its Common Stock trading price. If compliance with the minimum bid price requirement is not regained within the 180-day period, the Company will implement a reverse stock split within the range previously approved by its shareholders.