NOTE 9 – CORRECTION OF JUNE 30, 2023 FINANCIAL STATEMENTS

The Consolidated Statement of Operations for the six month period ended June 30, 2023 previously issued contained an error in the following line items: Net Loss Attributable to Common Stockholders and the Basic and Diluted net loss attributable to common stockholders. The Company recorded deemed dividends on warrant modification and Series A Stock and Series B Stock conversion price reductions during the three month period ending March 31, 2023, and properly reflected those items as additional expenses added to Net Loss to arrive at Net Loss Attributable to Common Stockholders in the Consolidated Statement of Operations for the March 31, 2023 period. However, these deemed dividends were inadvertently omitted from the Consolidated Statement of Operations for the six month period ending June 30, 2023, causing the reported Net Loss Attributable to Common Stockholders and the Basic and Diluted net loss attributable to common stockholders for the six month period to be understated.

The correction increases the Net Loss Attributable to Common Stockholders by $265,080 for the deemed dividends from Series A and B conversion price reductions and $282,309 for the deemed dividend on warrant modification. The correction increases Net Loss Attributable to Common Stockholders from ($2,834,151) to ($3,381,540). This correction in Net Loss Attributable to Common Stockholders results in an increase in the Basic and Diluted Net Loss per share for the six months ended June 30, 2023 from ($1.07) to ($1.27) as corrected.

There was no effect on the Net Loss for the six month period ended June 30, 2023, no effect on any balances for the periods in 2022, and no effect on any balances for the three month period ended June 30, 2023. Further, the deemed dividends were presented properly as an increase in Additional Paid-In Capital and the Accumulated Deficit in the Consolidated Statements of Stockholders’ Equity (Deficit) for the six month period ended June 30, 2023 and the Consolidated Balance Sheet as of that date, and were described properly in the footnotes to the Consolidated Financial Statements for the June 30, 2023 period.

The correction was made in accordance with the provisions of ASC topic 250 Accounting Changes and Error Corrections. The disclosure provision of ASC 250 requires a company that corrects an error to disclose that its previously issued financial statements have been corrected, a description of the nature of the error, the effect of the correction on each financial statement line item and any per share amount affected for each prior period presented, and the cumulative effect on retained earnings (deficit) in the statement of financial position as of the beginning of the earliest period presented.