What changed in this filing

/stocks — the workspaceLOADING

Item 1. Business

2024-07-03 compared with 2023-04-13 · 21 added, 30 removed, 193 unchanged (21% of the section changed)

18 unchanged sentences

of our Common Stock and changed our management to Mr.

DiBiase who also served in management of OXYS.

DiBiase who also served in the management of OXYS.

Also, one of our principal shareholders

12 unchanged sentences

The Company received its first revenues in the last quarter of 2017, has continued to realize revenues in 2023, and expects

to realize revenue growth in 2023 due to its business development pipeline.

moderate revenue growth in 2024 due to limited ability to raise funds for sales and marketing efforts.

We develop hardware, software and algorithms that

28 unchanged sentences

Additionally, we

continue to gain traction in the structural health monitoring, indoor air quality, and smart manufacturing industries.

We, therefore,

have a range of opportunities as we continue to expand our customer base.

continue to gain traction in the structural health monitoring and smart manufacturing industries.

We, therefore, have a range of opportunities

as we continue to expand our customer base.

Our goals are to augment visual bridge inspection

with instrumentation and predictive algorithms for structural health monitoring;

improve indoor air quality with our partner’s proprietary

sensors and our predictive analytics;

and help Biotech, Pharma, and Medical Device companies realize the next wave of performance, productivity,

and quality gains for their organizations, through our Smart Manufacturing/Industry 4.0technology and Artificial Intelligence (AI) and

Machine Learning algorithms.

with instrumentation and predictive algorithms for structural health monitoring and help Biotech, Pharma, and Medical Device companies

realize the next wave of performance, productivity, and quality gains for their organizations, through our Smart Manufacturing/Industry

4.0 technology and Artificial Intelligence (AI) and Machine Learning algorithms.

We have a unique value proposition in a fast-growing

worldwide multi-billion USD market and have positioned our business with strategic partners for accelerated growth.

We are therefore

well-poised for growth in 2023 and beyond, as we execute our plans and acquire additional customers.

Given adequate funding

for sales and marketing efforts, we believe that potential growth for 2024 and beyond is possible.

WHAT MARKETS WE SERVE

14 unchanged sentences

which need to be made first.

SMART BUILDINGS

Our Indoor Air Quality partner provides sensor

technology that is augmented by our AI and Machine Learning algorithms.

These systems allow commercial landlords to ensure safe healthy

air quality for their properties and tenants.

OUR UNIQUE VALUE PROPOSITION

38 unchanged sentences

At present, we do not require any governmental

approvals of any of our products or services.

approval of any of our products or services.

Environmental Laws

2 unchanged sentences

We work with our partners and universities to

we will further develop this IP in house into products and services.

Other than expenses for legal, accounting, audit,

25 unchanged sentences

license issue fee of $10,000 was paid by us to MIT.

Pursuant to the agreement, we were required to pay to MIT additional patent maintenance

Pursuant to the agreement, we were required to pay MIT additional patent maintenance

fees in years beyond 2018.

2 unchanged sentences

For “NET SALES” made in the calendar year 2021 and every calendar year thereafter through the term of the agreement,

we were required to pay to MIT a running royalty of 4%.

we were required to pay MIT a running royalty of 4%.

On October 31, 2018, we sent written notice of

22 unchanged sentences

This should change as we implement plans for future growth.

As of April 13, 2023, we have two full-time W-2

employees, including the CEO (and Interim CTO) and Interim CFO (and COO).

As of June 26, 2024, we have two

full-time employees, including the CEO (and Interim CTO) and COO (and Interim CFO).

At the present time, except for the funding received

10 unchanged sentences

We are currently not aware of any such legal proceedings

or claims that we believe will have, individually or in the aggregate, a material adverse effect on our business, financial condition

or operating results.

From time to time, we may become involved in various lawsuits and legal proceedings, which arise in the ordinary

course of business.

However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise

from time to time that may harm our business.

or claims that we believe will have, individually or in aggregate, a material adverse effect on our business, financial condition or operating

From time to time, we may become involved in various lawsuits and legal proceedings, which arise in the ordinary course of business.

However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time

that may harm our business.

As a Smaller Reporting Company, we are not required

to furnish information under this Item 1A.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 1. Business