What changed in this filing

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Item 5. Market for Registrant’s Common Equity

2024-07-15 compared with 2023-03-31 · 71 added, 14 removed, 3 unchanged (97% of the section changed)

MARKET FOR REGISTRANT’S COMMON EQUITY,

RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

MARKET FOR REGISTRANT’S COMMON

EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES

Market Information

Our common stock is quoted on the OTCQB over-the-counter market under the symbol “KITL.”

Over-the-counter market quotations reflect inter-dealer prices, without retail mark-up, mark-down or commissions and may not necessarily

represent actual transactions.

Our common stock is quoted on the OTCQB over-the-counter

market under the symbol “KITL.” Over-the-counter market quotations reflect inter-dealer prices, without retail mark-up, mark-down

or commissions and may not necessarily represent actual transactions.

The last reported sales price of our common stock

on the OTCQB on March 30, 2023 was $0.031.

As of March 30, 2023 we had approximately 120

holders of record of our common stock.

on the OTCQB on July 12, 2024 was $0.0013

As of July 1, 2024 we had approximately 128 holders

of record of our common stock.

Dividend Policy

We have not paid any dividends since our incorporation and do not anticipate the payment

of dividends in the foreseeable future.

At present, our policy is to retain earnings, if any, to develop and market our products.

payment of dividends in the future will depend upon, among other factors, our earnings, capital requirements, and operating financial

SELECTED FINANCIAL DATA.

Not applicable.

We have not paid any dividends since our incorporation

and do not anticipate the payment of dividends in the foreseeable future.

At present, our policy is to retain earnings, if any, to develop

and market our products.

The payment of dividends in the future will depend upon, among other factors, our earnings, capital requirements,

and operating financial conditions.

Unregistered Sales of Equity Securities

On March 1, 2023, the

Company issued 2,000,000 shares of Common Stock to SC Culinary LLC pursuant to the Strategic Alliance Agreement.

On April 26, 2023, the

Company sold and issued 1,502,502 shares of its Common Stock to MacRab LLC (“MacRab”) under the Purchase Agreement at an initial

purchase price of 0.0333 per share.

During 3 months ended March 31, 2023, the Company

issued 3,696,00 shares of common stock to Talos Victory Fund;

1,384,000 shares of common stock to Fourth Man LLC (“Fourth Man”),

and 3,472,000 shares of common stock to Blue Lake Partners.

These shares were issued upon conversion of promissory notes previously issued

to these entities.

On May 24, 2023, the

Company issued to Jefferson Street Capital LLC, a New Jersey limited liability company (“JSC”) 500,000 commitment shares of

Common Stock.

On June 6, 2023, the Company issued to Firstfire

Global Opportunities Fund, LLC (“Firstfire”) 500,000 commitment shares.

On June 28, 2023, the Company issued to JSC 3,000,000

additional shares of Common Stock pursuant to the amendment to the JSC Warrant.

On June 28, 2023, the Company issued 100,000 shares

of Common Stock to SC Culinary LLC pursuant to the pursuant to the Strategic Alliance Agreement.

During 3 months ended June 30, 2023, the Company

issued 3,407,000 shares of common stock to Blue Lake Partners LLC, and 3,456,000 shares of common stock to Fourth Man.

These shares were

issued upon conversion of the promissory notes previously issued to these entities.

On July 12, 2023, we issued 2,538,462 shares of

Common Stock upon exercise of the Fourth Man Warrant, resulted from an increase in the number of shares of Common Stock issuable upon

exercise of the Fourth Man Warrant.

On July 17, 2023, the Company issued 10,407,692

shares of Common Stock to Blue Lake Partners upon the exercise of 12,300,000 outstanding warrants.

On July 11, 2023, the

Company issued to CS Capital Partners 500,000 commitment shares and 1,500,000 returnable shares to CS Capital Partners, which are held

in book-entry and returnable to the Company by CS Capital Partners unless there is an uncured default during the

12-month term of the Note to CS Capital Partners.

On August 17, 2023, the

Company sold and issued to MacRab a second tranche of 890,914 shares at an initial purchase price of 0.02223 per share pursuant to the

Purchase Agreement.

On August 22, 2023, the

Company issued to Coventry Enterprises, LLC (“Coventry”) 500,000 commitment shares and 1,500,000 returnable shares to Coventry,

which are held in book-entry and returnable to the Company by Coventry unless there is an uncured default during the 12-month term of

the Coventry Note.

On August 31, 2023, the

Company issued 1,396,153 shares to Talos upon exercise of outstanding warrants.

On September 15, 2023,

we issued additional 2,538,462 shares of Common Stock upon exercise of Fourth Man Warrant by Fourth Man, at the exercise price of $0.10

On November 13, 2023,

the Company issued 10,000,000 shares to SC Culinary LLC pursuant to the Strategic Alliance Agreement.

Between December 5, 2023

and December 24, 2023, the Company issued an aggregate of 3,800,000 shares to Jefferson Street Capital LLC upon conversion of the JSC

On December 27, 2023,

the Company issued an aggregate of 6,954,545 shares of Common Stock to Fourth Man resulting from the exercise of Fourth Man Warrants.

These transactions were exempt from registration

under Section 4(a)(2) and/or Rule 506(b) of Regulation D as promulgated by the Securities and Exchange Commission under the Securities

Act, as transactions by an issuer not involving any public offering.

None of the securities were sold through an underwriter and, accordingly,

there were no underwriting discounts or commissions involved.

Repurchases of Securities

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 5. Market for Registrant’s Common Equity