NOTE 2. GOING CONCERN 

The Company has incurred recurring losses from operations. Future capital requirements will depend on many factors, including the Company’s ability to sell and develop products, generate cash flow from operations, and assess competing market developments. The Company may need additional capital in the future.

As of June 30, 2023, the Company has an accumulated deficit of approximately $83.0 million. During the six months ended June 30, 2023, the Company experienced negative cash flows from operating activities of approximately $3.3 million.

Management believes that cash balances of approximately $5.7 million and positive working capital of $5.1 million at June 30, 2023 provide adequate working capital for operating activities for the next twelve months after the date these financial statements are issued. Further, actions presently being taken to generate product and services revenues and positive cash flows, in addition to the Company’s ability to implement expense reduction tactics to preserve working capital provide the opportunity for the Company to continue as a going concern as of June 30, 2023.