Legal Proceedings.
−Removed: We are not currently a party
−Removed: to any pending or threatened legal proceedings other than the arbitration proceeding described below.
−Removed: On April 12, 2024, Noble Capital Markets, Inc.
−Removed: filed a Demand for Arbitration
−Removed: against us in JAMS, claiming that we breached the anti-dilution provision in the parties’ advisory agreement by not issuing to Noble
−Removed: an additional 474,134 shares of our common stock and that we owe $243,000 in damages for breach of the tail provision in the parties’
−Removed: placement agent agreement.
−Removed: Noble’s claim of breach of the placement agent agreement was dismissed because the arbitration provision
−Removed: in the parties’ advisory agreement did not apply to disputes related to the placement agent agreement.
−Removed: On July 2, 2024, the arbitrator
−Removed: denied Noble’s request for emergency relief on its claim for breach of the parties’ advisory agreement.
−Removed: Although we deny that
−Removed: Noble is entitled to any shares of our common stock or any monetary damages, to avoid the time and expense of further arbitration, we
−Removed: are actively engaged in settlement negotiations with Noble to resolve all disputes between us.
−Removed: See also Note 6 to our financial
−Removed: statements contained in Item 1 of Part I of this Quarterly Report on Form 10-Q, which is incorporated herein by reference.
+Added: are not currently a party to any pending or threatened legal proceedings other than the arbitration proceeding described below.
+Added: April 12, 2024, Noble Capital Markets, Inc.
+Added: (“Noble”) filed a Demand for Arbitration against us in JAMS, claiming that
+Added: we breached the anti-dilution provision in the parties’ advisory agreement by not issuing to Noble an additional 474,134 shares
+Added: of our common stock.
+Added: In September 2024, we settled the matter with Noble in exchange for $50,000 and 320,033 shares of our
+Added: common stock, which were issued during September 2024.
+Added: also Note 6 to our financial statements contained in Item 1 of Part I of this Quarterly Report on Form 10-Q, which is incorporated herein
+Added: by reference.
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.